Russian Prime Minister Mikhail Mishustin said that the annual inflation rate from May 2022 to May 2023 was 2.3%. He said this at a meeting with members of the Russian government via videoconference.
“From May 2022 to May 2023, annual inflation in Russia is 2.3%,” Mishustin said.
It was previously reported that annual inflation in Russia fell to 2.32%, the lowest level since February 2020 at 2.3%. 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.
department is also registeredOn the other hand, non-food products decreased by 0.01%. Electricity and white goods prices in particular are falling and the increase in passenger car prices is slowing down.
Elvira Nabiullina, President of the Central Bank of Russia, before that 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.