Recent data from Rosstat shows a slight dip in Russia’s inflation to 0.04 percent for the week of April 11 to April 17, after a prior small reduction of 0.11 percent. This weekly movement comes alongside a modest rise in prices overall, signaling a pause in the pace of consumer price growth over that period.
From the start of April, the overall price level in Russia has edged up by about 0.21 percent. Looking at the year-to-date picture, inflation has climbed to roughly 1.88 percent since January, reflecting a gradual but ongoing adjustment in the cost of living as the year unfolds.
Former Deputy Chairman of the Security Council Dmitry Medvedev has projected that inflation could reach around 6 percent by March, a forecast that contrasts with the more moderate weekly movements observed in Rosstat’s latest updates. Medvedev also drew attention to the inflationary dynamics in Europe, noting that some countries there have recorded increases in the 15–20 percent range, and he suggested this level of price growth is what certain economies are experiencing at present.
Earlier reports indicated that annual inflation in Russia, spanning March 7 to March 13, slowed to 7.65 percent from 9.43 percent the week before. This trend was highlighted in a current price situation review produced by the Ministry of Economic Development. The analysis also touched on consumer sentiment, indicating an improvement in the first quarter, with cautious expectations that inflation could remain a factor shaping purchasing decisions. The coverage by Kommersant, drawing on Rosstat data, underscored that Russians appeared ready to purchase more goods while awaiting further movement in inflation dynamics.