The return of Russian inflation

We estimate that planned hikes in Russian utility tariffs next month and again in September will add a total of around 2.0%-pts to headline inflation, pushing it to 6.5% by the end of the year. The subsequent impact on real incomes is one of the reasons (along with falling oil prices) why we expect growth to slow over the coming quarters.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.