Russia's 2025 Inflation Cools to 5.6%, Lowest Since 2020
The central bank signals continued tight conditions to steer price growth toward its 4% target.
Overview
- Official figures put full-year inflation at 5.6% for 2025, down from 9.5% in 2024.
- December year-on-year inflation registered 5.59%, the lowest since August 2023.
- The Bank of Russia says it will maintain tight credit and monetary settings to bring inflation back to target.
- Regulator forecasts place inflation at 4–5% in 2026 with a path toward about 4% from 2027.
- Separate Rosstat data show Jan. 13–19 prices rose 0.45%, lifting year-to-date inflation to 1.72% and annual inflation to 6.46% as of Jan. 19.