Consumer inflation in Russia in the week from July 9 to July 15 was 0.11%, slowing by 0.17% compared to the previous week. This was reported by Rosstat.
At the same time, the inflation rate has been 0.88% since the beginning of July and 4.79% since the beginning of the year. When compared to the July 2023 figures, there was an increase of 0.63% in July and 3.41% since the beginning of the year.
Before that, the Ministry of Economic Development appreciated As of July 8, the inflation rate in Russia was 9.25% on an annual basis.
The price increase rate in the food products segment was 0.17%, while the increase in fruit and vegetable prices slowed down to 0.6% from 1.4% in the previous week. The increase in prices of poultry, sugar, bakery products and dairy products slowed down.
According to the Ministry of Economic Development, annual inflation as of July 1 was 9.22%.
June 30 Central Bank of the Russian Federation reportedAnnual inflation in the country is expected to exceed the 4 percent target in the third quarter of 2023.
Formerly at the Bank of Russia named The condition for reducing inflation in a sustainable manner.