Inflation in annual terms slowed to 3.15%

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Inflation in annual terms slowed to 3.15%

Inflation in annual terms has slowed to 3.15% – RIA Novosti, 04/12/2023

Inflation in annual terms slowed to 3.15%

Inflation in Russia in annual terms slowed to 3.15% on April 10 from 3.29% a week earlier, stems from the review of the Ministry of Economic Development “On the current price… RIA Novosti, 04 /12/2023

2023-04-12T19:24

2023-04-12T19:24

2023-04-12T19:24

economy

elvira nabioullina

Vladimir Poutine

Russia

Oil prices

Ministry of Economic Development of the Russian Federation (Ministry of Economic Development of Russia)

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MOSCOW, April 12 – RIA Novosti. Inflation in Russia in annual terms slowed to 3.15% on April 10 from 3.29% a week earlier, stems from the review of the Ministry of Economic Development “On the current price situation”. “In the week of April 4 to April 10, 2023, inflation was 0.11%. In annual terms, the rate of price growth declined to 3.15% year-on-year,” the document said. This is the minimum value of inflation in Russia since May 2020 (it was then 3%, then accelerated to 3.2% in June). The ministry recalls that in the food products segment, price growth slowed to 0.03% after rising 0.17% a week earlier, mainly due to a slowdown in the appreciation rate of fruits and vegetables. vegetables (+0.3% after an increase of 1.26%). %). For food products, with the exception of fruit and vegetables, the rise in prices was almost nil (0.01% after 0.07%). “In the non-food products segment over the reporting week, prices did not change (0.00% after 0.03% the previous week)… In the regulated, tourist and personal services segment, the prices increased by 0.41% in reporting the week (an increase of 19% a week earlier) due to higher prices in the field of tourist services (3.53% after 0.67%) due to the rise in air fares for domestic flights (8.27% after 1.58%), ” the Ministry of Economic Development noted. . The day before, Russian President Vladimir Putin had declared during a meeting on economic issues that by the end of April, inflation should be “less than 3%”. At the same time, he reiterated that it is important to avoid both acceleration and deceleration of inflation. Earlier on Wednesday, Bank of Russia head Elvira Nabiullina said annual inflation in Russia would continue to decline in April. The Bank of Russia will update its macroeconomic forecasts at its April meeting. According to the February forecast of the regulator, inflation in the country at the end of the year will be at the level of 5-7%. The Ministry of Economic Development forecasts inflation for the year at 5.5%, the ministry also plans to update its forecast in April.

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Russia

2023

News

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economy, elvira nabiullina, vladimir putin, russia, oil prices, ministry of economic development of the russian federation (ministry of economic development of russia)

Inflation in annual terms slowed to 3.15%