In Russia, deflation was 0.14% in the period from July 23 to August 1, 2022. Information about this press service of Rosstat published on your site.
Since the start of the third summer, consumer prices in the country have fallen by 0.02%, according to the statistics office. Since the beginning of 2022, the indicator has grown by 11.16%.
in the second half of July reportedRosstat recorded a deflation of 0.17% for the week from 9 to 15 July. The department later noted that the deflationary trend was observed for nine weeks.
Before that, Alexei Zabotkin, Deputy Chairman of the Bank of Russia declarationThat it is inappropriate to talk about deflation in the country. According to him, there must be two prerequisites for a deflationary trend to occur in the economy. First of all, very low inflation expectations should be formed. Secondly, the growth rate of the money supply in the economy should approach zero.
Ministry of Economic Development in the first half of July reportedInflation in Russia slowed down to 15.62% on an annual basis.