Annual inflation in the Russian Federation rose to 7.16 percent. This is stated in the analytics review Ministry of Economic Development of Russia “On the current price situation.”
The document states that “annual inflation is 7.16%.”
According to the Ministry’s data, last week this figure was 6.99%.
The review stated that “consumer price growth slowed to 0.23% in the period between November 8 and November 13, 2023.”
According to the Ministry of Economic Development, in the field of food products, the price increase rate decreased to 0.42 percent due to the slowdown in the increase in food costs. For non-food products, the price increase decreased to 0.07% due to the decrease in the price increase of passenger vehicles. In the services sector, the price increase rate was 0.21% due to the increase in domestic ticket prices.
Before that the Central Bank guessIt is predicted that annual inflation in Russia will begin to decline gradually starting from the spring of 2024.
Previously at the Central Bank saidHow do Russians evaluate inflation?