Novak held a meeting on the situation in the economy
Deputy Prime Minister Alexander Novak held a meeting to analyze the current state of the economy, the government said. The discussion was attended by the Minister of Economic Development Maxim Reshetnikov, representatives of the Ministry of Labor, the Ministry of Industry and Trade, the Ministry of Construction, the Ministry of Transport, as well as the Bank of Russia and the expert community.
Deputy Prime Minister Alexander Novak held a meeting to analyze the current state of the economy, the government said. The discussion was attended by the Minister of Economic Development Maxim Reshetnikov, representatives of the Ministry of Labor, the Ministry of Industry and Trade, the Ministry of Construction, the Ministry of Transport, as well as the Bank of Russia and the expert community.
The Ministry of Economic Development presented data on macroeconomic indicators. The volume of GDP for the period from January to July 2026 increased by 0.6% compared to the same period of the previous year. The total turnover of retail trade, services and catering for seven months increased by 4.8%, while retail sales added 5.4%. Real incomes of the population in the first half of the year increased by 6.5%, and the unemployment rate in July was 2.3%.
The meeting participants separately considered the dynamics of pricing. Annual inflation on September 14 reached 6.2%. In August, prices decreased by 0.1% in monthly terms, due to cheaper food and services.
