Ministry of Economic Development: As of January 30, annual inflation was 11.5 percent
MOSCOW, February 1 – RIA Novosti. As of January 30, annual inflation in Russia was 11.5% compared to 11.49% the previous week. review Ministry of Economic Development “About the current price situation”.
“In the week between January 24 and January 30, 2023, inflation was 0.21%. Annualized inflation practically remained at the level of the previous week (11.50% year-on-year),” the document says.
As noted in the review, food inflation in the reporting week was 0.39%, up 3.5% in fruit and vegetable prices. At the same time, in the non-food segment, prices remained broadly stable during the week from Jan. 24 to Jan. 30, with the accelerated decline in prices of electrical and household appliances and construction materials.
According to the estimation of the Ministry of Economic Development, inflation will be 5.5% this year. At the same time, as the head of the ministry Maxim Reshetnikov said in January, by the end of the first quarter, inflation will fall significantly from year to year. This is because in the spring of 2022, the peak of the price increase will leave the bottom. Reshetnikov also did not exclude that annual inflation will remain below the target level of 4% for a while in the second quarter.
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