Post: Annual inflation in Russia increased to 7.48 percent

One ruble coin and banknotes of 100, 200 and 1000 rubles. Archive photo

Rosstat: Annual inflation in the Russian Federation increased to 7.48 percent

MOSCOW, December 8 – RIA Novosti. Inflation in Russia increased on an annual basis in November to 1.11% from 0.83% in October and to 7.48% from 6.69% in the previous month. reported Friday in Rosstat.

“In November 2023, compared with October 2023, the consumer price index was 101.11%, and compared with December 2022 it was 106.64%,” the document states.

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Ministry of Economic Development made a forecast on the level of inflation in Russia

November inflation was 1.11%, the highest in 2023 (in September, the monthly price increase was 0.87%) and since April 2022 (then the monthly price increase was estimated at 1.56%).

Food inflation was 1.55% on a monthly basis in November; Food prices increased by 7.21% on an annual basis. Last month, prices of non-food products increased by 0.53% and 5.58% on an annual basis. Service prices increased by 1.23% in November compared to October; annual price increase – 10.42%.

Rosstat presented statistics on Russians with incomes below the poverty line

Consumer prices increased by 1.2% or more in 25 regions of Russia. Prices increased the most in Khanty-Mansiysk Autonomous Okrug – Ugra (1.9%) due to the increase in prices of services (4.2%) and food products (1.7%). Monthly prices 1.4% in Moscow, St. In St. Petersburg, it increased by 0.8% (the price increase from the beginning of the year was 7.0% and 5.7% respectively).

According to the forecast of the Ministry of Economic Development, inflation in Russia will be 7.5 percent in 2023 and will slow down to 4.5 percent in 2024. The head of the Ministry of Economic Development, Maxim Reshetnikov, told reporters the other day that the ministry maintained its inflation forecast of 7.5% for 2023.

Rosstat evaluated the growth of the Russian economy

Source: Ria

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