Annual inflation in Russia increased from 6% in September to 6.69% in October 2023. This is evidenced by Rosstat data, reports TASS.
On a monthly basis, consumer prices increased by 0.83%. According to statistics, food prices increased by 1.35 percent in October compared to September, and increased by 6 percent on an annual basis.
The price of non-food products increased by 0.55% monthly and 5.08% compared to October 2022. Service costs increased by 0.48 percent compared to September and 9.92 percent on an annual basis.
Previously, the Central Bank announced in October registered Decline in financial flows in sectors focused on consumer demand.
At the beginning of October, the State Duma proposed introducing price regulation in the country, but Mikhail Gusev, head of the laboratory of the Institute of Forecasting of the Russian Academy of Sciences, did not support the idea of u200bu200bregulating prices for non-food products. According to him, the acceleration of inflation this year is not due to goods, but to increasing demand and tariffs. Service prices are increasing faster (by 9.5% in August) due to increasing wages and demand structure.
9 November Central Bank President Elvira Nabiullina Took place At the meeting of the State Duma committees. He called the main problem of the Russian economy labor shortage, allowed an increase in the key rate before the end of the year and stated that the peak of inflationary pressure had passed. socialbites.ca collected the main statements of the head of the Central Bank.
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