Russia's inflation from September 29 to October 5 was 0.96%, following 0.12% from September 22 to 28, 0.06% from September 15 to 21, 0.02% from September 8 to 14, and 0.05% from September 1 to 7, Rosstat reported.
Since the start of the month, price growth as of October 5 was 0.9%, and 5.94% since the start of the year.
The acceleration in weekly inflation was expected and is explained by the indexation of utility tariffs from October 1, 2026 (according to the government-approved socioeconomic forecast, from October 1, utility tariffs were to rise by an average of up to 9.9% nationwide).
"Tariffs for certain types of utility services on average across Russia changed (over the week — IF): water disposal +17.1%, cold water supply +15.3%, hot water supply +14.2%, heating +12.7%, electricity +12%," the report said.
Annual inflation as of October 5 also jumped sharply as expected (since in 2025 the indexation of utility tariffs was carried out from July 1, and from 2027 the timing of tariff indexation will also return to the traditional July 1).
From data for the first 5 days of October this year and last year, it follows that annual inflation as of October 5 accelerated to 7.08% from 6.25% on September 28 (and 6.33% at the end of August), if calculated from weekly dynamics (the methodology followed by the Central Bank), and accelerated to 7.17% from 6.26% on September 28, if determined from average daily data for all of October 2025 (as calculated by the Ministry of Economic Development). Exact data on annual inflation at the end of September will be published by Rosstat on October 9.
Thus, annual inflation as of October 5 exceeded the upper bound of the Central Bank's forecast for 2026 (6-7%). For inflation at the end of 2026 to fit within the Central Bank's forecast (6-7%) and the Ministry of Economic Development's forecast (6.8%), consumer prices in the remaining time must grow at an average rate of less than 0.1% per week.