Food inflation will exceed 3 percent in January 2024. This forecast was given to socialbites.ca by Associate Professor of the Department of Statistics at the Russian University of Economics. GV Plekhanova Olga Lebedinskaya.
“The most striking thing for most citizens is food inflation. In November, this rate increased to 3.1%. The cost of products increased faster than the price of the overall consumer basket. A new wave of increases is possible in December, but for most goods this has already passed and we can expect January to be a calmer month. However, historically the inflation rate is slightly higher in January than in December. Therefore, we can expect the 3 percent threshold to be passed,” he said.
The Economist explained that the Federal Antimonopoly Service of the Russian Federation is fighting against unfair price increases of retail chains. He added that if the price of a product is not increased, the incremental price increase will be passed on to another product.
According to Rosstat, the year-to-date price increase rate in Russia as of December 4 was 6.8%. According to the Ministry of Economic Development, annual inflation by this date exceeded 7.5%.
More details material “Newspapers.Ru”.
Previously at Sovcombank guess Increasing the Central Bank interest rate to 16% on December 15.