Russia raises 2027 utility rate hike forecast to 11% from 8.7%

Russia's Economic Development Ministry now projects an 11% average increase in household utility rates for July 2027, up from the previously planned 8.7%, with subsequent years also elevated. This signals accelerating regulated price inflation, likely feeding broader inflationary pressure and affecting household budgets. The revision suggests the government is adjusting to higher cost pressures, possibly linked to infrastructure investment needs or fiscal constraints.