Prices for consumer goods in Russia saw a modest decrease of 0.05%
The Ministry of Economic Development (MED) has published a report on the current price situation in Russia, stating that the annual inflation rate has decreased from 9.17% the previous week to 9.02%, as of July 28. The report does not provide specific reasons for this decrease, but it indicates a continued decline in food prices.
Fruit and vegetable prices showed a faster decrease during the period, contributing to the overall decline in consumer prices. Despite the decline in food prices, consumer prices remained relatively stable, falling by 0.05% during the period.
Professor Larisa Cikanova, an expert at the Institute of International Economic Relations, has forecasted a gradual decrease in inflation rates for August 2025, reaching around 8%. However, the report does not provide information about future inflation predictions beyond August 2025.
The report was published for Gazeta.Ru, but no information was given about the potential impact of the forecasted decrease in inflation rates on consumer prices or food prices. Additionally, no information was provided about the future of mortgages after the key rate cut in the given context.
It is important to note that the forecast does not state whether the decrease in inflation rates will affect other economic indicators. Furthermore, as I don't have access to real-time forecasts or statements from Professor Larisa Cikanova about Russia's inflation rate for August 2025, I recommend checking recent reports from official economic research institutions, financial news, or academic publications where she might have contributed for the most current and accurate forecast. If you have a specific source or document in mind, feel free to share more details!
- The forecast by Professor Larisa Cikanova suggests a decline in inflation rates in August 2025, which might have an impact on the finance sector, possibly influencing business decisions related to price setting and investment.
- As the inflation rate is expected to fall to around 8% in August 2025 (Cikanova), it could potentially impact the finance industry, including areas such as loans, mortgages, and investments, thereby affecting diverse aspects of business.
