Ministry of Economic Development: Annual inflation in Russia slowed to 14.87% from August 9 to 15

19.08.2022

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Ministry of Economic Development: Annual inflation in Russia slowed to 14.87% from August 9 to 15

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Inflation in RUSSIA from August 9 to 15 slowed to 14.87% in annual terms against 15.01% a week earlier, according to the review "On the current price situation", prepared by the Ministry of Economic Development of the Russian Federation.

"In the week from August 9 to 15, 2022, the price decline continued and amounted to -0.13%. In annual terms, the price growth rate decreased to 14.87%," the review notes.

According to the ministry, the main contribution to the decline in prices continues to be made by cheaper food products (-0.33% at the end of the week) due to lower prices for fruits and vegetables. The decline in prices for travel and regulated services also resumed (-0.19% after rising by 0.08% a week earlier), mainly due to lower airfare, the review says.

According to the draft forecast of the socio-economic development of the Russian Federation until 2025, inflation in Russia by the end of 2022 will be at the level of 13.4%.

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Ministry of Economic Development: Annual inflation in Russia slowed to 14.87% from August 9 to 15

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