Annual inflation in Russia fell to 2.32%, the lowest level since February 2020 at 2.3%. Information on this is available at: review Ministry of Economic Development “About the current price situation”.
From the analysis, it is understood that inflation was 2.42% on May 2, there was no price increase in the period from May 3 to May 10, food prices decreased by 0.06% and there was a slowdown in price increase. In addition, there is a decrease in fruit and vegetable costs.
The ministry also noted that non-food products fell by 0.01%. Electricity and white goods prices in particular are falling and the increase in passenger car prices is slowing down.
The Ministry of Economic Development added that there was also a slowdown in the increase in home services prices.
Elvira Nabiullina, Former President of the Bank of Russia statedThe head of the regulator noted that at its next board meeting, it may consider raising the key rate if it sees signs of increasing price pressure that threatens to meet its 4% inflation target.