Consumer prices for food products in Russia rose in may 2020 0.1% compared to the previous month and YTD by 5% (to December 2019).
While in the EU prices for food increased in may by 0.3% in April (3 times stronger than in Russia), but only 3.3% since the beginning of this year, follows from materials of the Federal service of state statistics.
we also Add that over the past year, consumer prices in Russia increased by 3% (December to December 2018). Thus, 3-percent inflation rate in 2019 was the second lowest value of this indicator for all history of modern Russia. The absolute minimum was recorded at the end of 2017 and 2.5% in 2018, prices increased by 4.3%.
the Ministry of economic development, according to the updated macroeconomic forecast expects annual inflation to end this year at 3.5%. For its part, the Bank of Russia assumes that inflation for the year will amount to 3.8-4.8% and will be close to 4% thereafter.
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