Russia Plans 11% Utility Tariff Hike in 2027, Above Inflation

Russia's Ministry of Economic Development forecasts an 11% indexation of housing and communal services tariffs from July 1, 2027, followed by 8.6% in 2028 and 7.6% in 2029. This exceeds current inflation expectations, signaling a deliberate policy shift to reduce budget subsidies and pass costs to households. The move could stoke social discontent and feed inflation expectations, though it is a planned, multi-year schedule rather than an immediate shock.