Russia raises utility tariffs again, adding to inflation pressure
Russia will raise utility tariffs by an average 15% from 1 October, in a move that is expected to add to inflation pressure in an economy already strained by war costs and sanctions. The increase is the second this year and will affect households across the country, with regional rises ranging from 8% to 22%. Moscow tariffs will rise by 15%, while St Petersburg will see an increase of 14.6%.The Bank of Russia has said the tariff rise will contribute noticeably to faster annual inflation. Its baseline forecast puts inflation at 6% to 7% in 2026, well above the central... [Continue Reading]
360LiveNews | 02 Sep 2026 10:33 LONDON
Sponsored
