Annual inflation in Russia accelerated in July

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As of August 7, annual inflation in Russia rose to 4.43% from 4.42% a week ago. It has been reported DEA NewsReferring to the review of the Ministry of Economic Development “On the current price situation”.

According to the ministry, there was almost no price increase (0.01%) during the week of August 1 – August 7, 2023. But a week ago, from July 25 to July 31, it was 0.13%.

“Annual inflation remained at 4.43%, almost at the level of the previous week,” the document says.

According to the estimation of the Ministry of Economic Development, inflation will be 5.3% in 2023.

July 31 Central Bank of the Russian Federation made a guessHe said that the annual inflation rate will continue to rise in the coming months.

Before that, the Central Bank of Russia estimated inflation accelerating from 3.25% in June in the coming months. Economists predict that inflation will be 4.5-6.5% in 2023 and then return to 4%.

Previously recognizedHow the weakening of the ruble will affect the state of the economy.

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