Inflation is slowing, but sustainability of this trend is in doubt
Gleb Barabanov, Evgeny Goryunov, Pavel Trunin
02 june 2026
At its meeting on April 24, 2026, the Bank of Russia cut its key rate by 50 basis points to 14.5% per annum. In April, inflation slowed to 5.6% year-over-year. Seasonally adjusted monthly price growth on an annualized basis was below 4.0%, at 2.4%. However, significant inflationary risks remain high inflation expectations, wage growth outpacing labor productivity, and rising global inflation.
Other issues «Monitoring of Russia is Economic Outlook»