Russia Retail Sales Growth Slows Sharply

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Retail sales in Russia went up by 0.7% year-on-year in January 2026, slowing from a 3.9% increase in December and missing analysts’ forecasts of a 1.7% rise. This marked the smallest increase in retail sales activity since a decline was observed in March 2023. On a monthly basis, retail trade plunged 22.2%, after a 17.1% jump in the preceding month. Retail sales growth slowed considerably in 2025, reaching 2.6% compared with 7.7% in the previous year.

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