Russia Registers First Weekly Deflation Since Summer 2025

20:17; 06 May 2026 year

### Weekly Consumer Price Drop in Russia First Since August 2025 For the first time since August 2025, Russia has recorded a weekly decline in consumer prices. According to Rosstat (the Russian Federal State Statistics Service), the consumer price index for the period from April 28 to May 4, 2026, stood at 99.98%, indicating deflation of 0.02%. This data was also confirmed by the Ministry of Economic Development. The main driver of the price decrease was the food segment. Food prices fell by an average of 0.3% over the week, with the most significant drop observed in fruits and vegetables—down 2.66%. Cucumbers and tomatoes saw a sharp decline in prices, falling by 11.6% and 7.5%, respectively. Bananas and apples continued to experience moderate price declines, while the increase in potato prices virtually halted. In the rest of the food basket, prices also fell. Butter, eggs, milk, rice, and pork all became cheaper. Meanwhile, the rate of price growth for certain items slowed down, including sunflower oil, beef, and sugar. In the non-food segment, price dynamics remained largely neutral, with an increase of just 0.01%. However, the decline in prices for household appliances, electronics, shoes, clothing, and household chemicals accelerated. The cost of passenger cars remained unchanged overall: prices for imported cars rose slightly, while those for domestic vehicles stayed at the same level. Fuel prices continued to rise moderately. The most noticeable price increase was seen in services, which rose by an average of 0.5% over the week. Hotel accommodation and health resort services became more expensive. Meanwhile, the growth in prices for dental and household services either slowed down or remained at the level of the previous week. Against the backdrop of domestic deflation, global food markets showed the opposite trend. Over the reporting period, food prices rose by 1.3%, and on an annual basis, they increased by 11.6%. Corn, sugar, soybeans, and vegetable oils are becoming more expensive, while wheat, meat, and palm oil are getting cheaper. At the same time, prices for fertilizers on the global market fell by an average of 1.9% over the week, mainly due to a drop in the cost of nitrogen-based components. Black metals, on the other hand, showed rising prices, while non-ferrous metals became cheaper.

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