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 from 12.3 percent to 12.04 percent

MOSCOW, November 30 – RIA Novosti. As of November 28, annual inflation in Russia decreased to 12.04% from 12.3% a week ago, says “On the current price situation” in the review of the Ministry of Economic Development.

In the week between November 22 and November 28, 2022, inflation was 0.19%. On an annual basis, inflation continued to slow and reached 12.04% annually,” the document says.

According to the document, in the food products segment, the price increase accelerated to 0.21% due to the higher appreciation of fruits and vegetables (2.85%).

“Deflation in food products excluding fruits and vegetables (minus 0.09%) continued. Price increase in the non-food sector decreased to 0.05%, accelerating the decline in electrical and household appliances and building prices. For tourism and regulated services, air ticket prices increased. The price increase (0.54%) accelerated due to the increase.”

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

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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