EconomyAnnual inflation slowed in Russia

Annual inflation slowed in Russia

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Banknotes and coins. archive photo

Ministry of Economic Development: Annual inflation fell to 12.3 percent

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MOSCOW, November 23 – RIA Novosti. As of November 21, annual inflation in Russia decreased to 12.3% from 12.4% a week ago. review Ministry of Economic Development “About the current price situation”.

In the week between November 15 and November 21, 2022, inflation was 0.11%. On an annual basis, inflation continued to slow and reached 12.3% annualized, the document says.

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According to the document, in the food products segment, the price increase rose to 0.14% due to higher appreciation of fruits and vegetables (2.68%).

“At the same time, deflation continued in food products excluding fruits and vegetables (minus 0.14%). Prices in the non-food products sector increased by 0.07% in the reporting week (no price increase). remained at the level of the previous week (0.14% after 0.14% a week ago),” he added.

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According to the forecast of the Ministry of Economic Development, inflation in the Russian Federation is expected to reach 12.4 percent this year. At the same time, Maxim Reshetnikov, the head of the Ministry of Economic Development, did not rule out that until the end of 2022, inflation in Russia may come out better than the forecast, it will be in the range of 12-12.4. %.

Source: Ria

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Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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