Russia's annual consumer price inflation accelerated to 6.02% in June, up from 5.31% in the previous month, according to data released by the Federal State Statistics Service (Rosstat).
The monthly increase of 0.87% was largely driven by a 0.65% rise in food prices, signaling persistent pressure on household budgets despite the central bank's tight monetary stance.
The acceleration marks a notable shift in the inflation trajectory, moving further away from the Bank of Russia's 4% target.
The acceleration marks a notable shift in the inflation trajectory, moving further away from the Bank of Russia's 4% target.
This development complicates the central bank's mandate to stabilize prices while supporting economic activity.
The June figure follows a period of gradual cooling, with annual inflation having reached 6% as of late June according to earlier Ministry of Economic Development estimates, and weekly consumer prices rising by 0.31% in the week ending July 6.
The rise in food prices is a critical component of the broader inflationary pressure, reflecting supply-side constraints and currency dynamics that have persisted throughout the year.