This blog has already mentioned food price inflation. This indicator has a pronounced seasonal nature. In July 2025, there was 10.79% annual inflation compared to July 2024. In August 2025, annual inflation was 9.79% compared to 9.7% in 2024. Food has become more expensive in the year since August 2024 than in the year since August 2023.
In general, food takes up about 50% of the Russian CPI. And for low-income Russians, it is even higher. Business suffers from high interest rates. Many citizens are feeling the pressure of rapidly rising food prices. What will the Central Bank of Russia do?
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