Inflation in Russia since the beginning of the year exceeded 2.5%

Consumer prices in Russia from 16 to 22 June 2020 increased by 0.1%, as a week earlier, and since the beginning of the year inflation reached 2.6 percent. Such data today leads the Federal service of state statistics.

In 2019, consumer prices have not changed in June, and the beginning of the year increased by 2.5%.

Among food products during the reporting period, the highest growth potatoes — by 4.4%. In addition, significantly increased the prices of apples and carrots by 3.1% and 1.4%, respectively.

According to estimates from Rosstat, gasoline prices increased by 0,3%, diesel fuel — by 0.2%.

Specifies that the information is prepared on the basis of weekly registration of consumer prices for 100 types of essential goods and services to 282 cities of Russia.

we also Add that, according to Rosstat estimates in may, consumer prices in Russia rose 0.3% the previous month, when they rose 0.8%. While yoy inflation in may slowed to 3% after 3.1% in April.

Over the past year, consumer prices rose 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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