Annual inflation in Russia between February 7 and February 13, 2023 fell to 11.61% from 11.72% a week ago. It has been reported TASS Referring to the review of the Ministry of Economic Development of Russia on the current price situation.
“In the week between February 7 and February 13, 2023, inflation decreased to 0.18%, or 11.61%, on an annual basis.” – indicated in the report.
According to the review, the slowdown in food price growth (from 0.51% a week ago to 0.35%) slowed the rise in fruit and vegetable prices, making a significant contribution to the disinflation in the reporting week. In addition, a slight decline in prices in the non-food products group accelerated the deflation in prices of electrical and white goods, and had a restraining effect on inflation.
Aleksey Zabotkin, Former Deputy Governor of the Central Bank estimated Annual inflation in Russia fell below 4% in April-May this year.
Economist Mikhail Belyaev declarationThat by the end of 2023, inflation in Russia can be set at 12%, and in the best case – 8%.