Annual inflation in Russia between May 3 and May 10 decreased by 0.1% from 2.42% in the previous week to 2.32%. This is specified documentIt is prepared by the country’s Ministry of Economic Development.
“From May 3 to May 10, 2023, prices remained unchanged. Annual inflation decreased to 2.32%. Food prices decreased by 0.06%, the fall in fruit and vegetable prices accelerated, and the increase in other food prices slowed down. In the non-food sector, prices decreased by 0.01% as the prices of electrical and household appliances fell and the increase in automobile prices slowed down.
Non-food products, on the other hand, decreased by 0.01 percent. Prices in the services sector also fell.
Elvira Nabiullina, Former President of the Bank of Russia statedThe regulator may consider raising the key rate at its next Board meeting if it sees signs of increasing price pressure, threatening to meet its 4% inflation target.
Before that, the Minister of Economic Development Maxim Reshetnikov declarationThat the inflation rate in Russia in April 2023 was only 2.6%.