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Borscht Basket Illusion: Why 6% Inflation Feels Like 11%

Russian official inflation data may not reflect actual consumer market conditions due to specific calculation methodologies, according to financial analyst and PhD in Economics Mikhail Belyaev. In an interview with Pravda.Ru, the expert analyzed why formal decelerations in price growth are not felt by citizens in retail stores. In July 2026, annual inflation in Russia formally declined to 5.98%, compared to 6.02% in the previous month. Central B…
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Правда.Ру broke the news on Tuesday, August 18, 2026.
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