World economy .. Russia’s reserves record a record level and decline in inflation in Germany

The Russian Central Bank announced today, Thursday, that Russia’s international reserves increased by 1.7% from 18 to 25 July, to reach 695.5 billion US dollars, recording a new record.
The central bank statement said: “International reserves reached the end of July 25, 2025, about 695.5 billion US dollars, an increase of 11.8 billion US dollars during the week, or 1.7%, and this is mainly due to the positive re -evaluation.”
Over the course of 2024, these reserves increased by 1.8% to $ 609.1 billion, starting from January 1, 2025.
Russian international reserves (gold and foreign currencies) are foreign assets of liquidity with the Russian Central Bank and the Russian government, and the reserves consist of monetary gold and special drawing rights, and the reserves of the International Monetary Fund and Foreign Coins (other reserve assets).

The rise of the Moscow Stock Exchange index

Today’s index closed, up to 4.48 points, 0.16%, compared to the closure of the previous trading day, to 2730.72 points.
The RTS index ended at an increase of 2.06%, equivalent to 21.60 points, compared to the closure of the previous trading, to reach the level of 1071.06 points.

Increase in Germany declined

Data issued by the Federal Statistics Office on Thursday showed that inflation in the country decreased to 1.8% on an annual basis in July.
The basic inflation rate in Germany, which excludes the prices of food and volatile energy, remained unchanged at 2.7% in July.
The analysts expected the decrease in inflation coordinated with the European Union slightly from 2% to 1.9% in the previous month.

High consumer prices in Germany

Consumer prices in Germany increased this July at the same pace that occurred last June, according to the Federal Statistical Office in the city of Wiesbaden today.
The office pointed out that the prices of goods and services increased this month by 2% on average compared to last year.
Based on preliminary data, it was found that the increase in prices is mainly due to the high rates of services by 3.1%, and food prices by 2.2%.
What is known as “basic inflation” continued, i.e. the rate of inflation without calculating the prices of food and volatile energy this month at a high level of 2.7% as it was last month.

India’s domestic product shrinkage

The gross domestic product of Canada today fell 0.1% on a monthly basis in May.
The Canadian Statistics Authority postponed the impact of growth from the contraction of the retail sector to 1.2%, which occupies 7 sub -sectors out of 12.
The retail trade is part of the broader service production industries, contributing to up to 75% of GDP.

American customs duties revenue

US Treasury Data revealed that the US revenue from customs duties exceeded in the first six months of 2025 total revenues in 2024.
The latest monthly data published on Wednesday said that customs duties revenue until the end of June exceeded 87 billion dollars, compared to an amount of $ 79 billion in the entire 2024.