Over the course of the week, annual inflation in Russia increased to 17.62 percent.
Annual inflation in Russia was 17.62 percent as of April 15, compared to a week earlier when it was about 17.49 percent. This is published in the Ministry of Economy's "On the present pricing situation" evaluation, which is available online.
As noted in the study, "deflation in the non-food sector (minus 0.01 percent after 0.51 percent) was the most significant contributor to the slowdown in inflation, owing to the continuation of gasoline's price declines and the lack of price rises for other non-food items."
"The timely decisions of the Central Bank on monetary policy, as well as government efforts to saturate the domestic market, adopted as part of the priority action plan, provide a substantial contribution to containing price increases," the Ministry of Economy said.
According to Rosstat, weekly inflation has decreased from 0.66 percent to 0.2 percent. Prices have climbed by 1 percent since the beginning of April, and they have increased by 11.05 percent since the beginning of the year.
Which products have risen in price the most?
Margarine - 2.6%;
Rice - 2%;
Chocolates - 1.7%;
Black tea - 1.6%;
Milk - 1.4%.
Prices of fruits and vegetables declined by an average of 0.9 percent, with tomatoes falling by 5.6 percent, white cabbage falling by 4 percent, and bananas falling by 2.3 percent, respectively. The price of beets climbed by 2.8 percent, the price of apples increased by 2 percent, and the price of onions increased by 1.8 percent.
A number of prescription medications have seen their prices drop, including levomekol (1.5 percent), rengalin (1.4 percent), multivitamins (1.3 percent), ergoferon (1.2 percent), and validol (0.5 percent) (1.1 percent ). There has been a rise in the price of non-food basics, according to Rosstat. The items in question were pads, soap (2.4 percent), dry pet food (2.2 percent), toothpaste (1.9 percent), toilet paper (1.6 percent), and toothbrushes (1.4 percent) in particular.
At the same time, the cost of technological goods is decreasing. As a result, the price of smartphones decreased by 2.7 percent, the price of televisions decreased by 2.1 percent, and the price of vacuum cleaners decreased by 2 percent. The price of gasoline reduced by 0.1 percent, but the price of diesel fuel remained unchanged.
As published by the Central Bank, analysts anticipate that inflation will reach 20 percent by the end of the year.. In 2024, the Central Bank expects annual inflation to revert to its target level of 4% percent.