Russia’s Weekly Inflation Reaches 0.07% in Early May 2026

According to the Federal State Statistics Service (Rosstat), Russia's weekly inflation rate was recorded at 0.07% for the period of May 5-12, 2026. This follows a slight deflation of 0.02% in the previous week. Since the start of May, consumer prices have risen by 0.06%, bringing the year-to-date inflation to 3.17%. On an annual basis, the inflation rate stood at 5.55% as of May 12. The report details specific price movements, noting increases in lamb, frozen fish, sugar, and various staple foods like beef and milk. Conversely, fruit and vegetable prices dropped by an average of 3.3%, driven by significant declines in cucumbers and tomatoes. Prices for chicken eggs, cheeses, and butter also decreased. Fuel prices saw a marginal increase of 0.1%. The article also briefly references broader economic contexts, including a reported GDP decline in the first quarter of 2026 and unrelated geopolitical headlines involving trade and international relations.