Inflation
INFLATION
State
High and acceleratingConfidence: HighPossible transition: Accelerating
- Level
- Elevated
- Momentum
- Accelerating rapidly
- Reference period
- September 2026
- Computed
- Oct 31, 2026, 03:30 PM MSK
Inflation is elevated, accelerating rapidly. A transition to accelerating inflation is possible. Confidence: high.
Consumer price index, 3-month seasonally adjusted annualised rate
What this rests on
as of September 2026| Indicator | Role | Value | Read as |
|---|---|---|---|
| Consumer price index, 3-month seasonally adjusted annualised rate | Primary | 6.38% | Elevated · up |
| Core CPI, 3-month seasonally adjusted annualised rate | Confirming | 5.28% | aligned · down |
| Consumer price index, year on year | Context | 6.35% | slow level measure · flat |
| Household inflation expectations, median | Confirming | 14.16% | rising · up |
Block indicators
latest value and its change on the previous readingCore CPI, 3-month seasonally adjusted annualised rate · primary
September 2026 · calculated
5.28%
-0.15 pp
Core consumer price index, month on month · primary
September 2026
100.5
+0.20 pp
Consumer price index, 3-month seasonally adjusted annualised rate · primary
September 2026 · calculated
6.38%
-1.46 pp
Consumer price index, month on month · primary
September 2026
100.4
+0.43 pp
Consumer price index, year on year · primary
September 2026 · calculated
6.35%
+0.01 pp
Household inflation expectations, median · primary
October 2026
13.22%
-0.94 pp
Core consumer price index, seasonally adjusted, month on month
September 2026 · calculated
100.5
+0.17 pp
CPI, food, month on month
September 2026
100.0
+0.26 pp
CPI, non-food, month on month
September 2026
100.6
+0.02 pp
Consumer price index, seasonally adjusted, month on month
September 2026 · calculated
100.6
+0.29 pp
CPI, services, month on month
September 2026
100.6
+1.12 pp
Household observed inflation, median
October 2026
14.47%
-0.62 pp