Annual inflation rates fall in Russia

Annual inflation rates fall in Russia

Russian inflation rates decreased from 13. 71% the previous week to 13. 49% on October 3 in annual terms, according to data from the Ministry of Economic Development.
In the week from September 27 to October 3, 2022, a slight increase in prices was seen by 0. 07% at the annual rate, and inflation continued to drop down to 13. 49% on an annual basis, according to data released by the ministry.
The ministry reports that prices in the market for food products rose by zero.

Fruit and vegetable prices rose seasonally by 15%, while the rate of price growth for non-food items moderated.
“With regard to tourist and organisational services, the price fall continues (minus 0. 1%), and the prices of plane tickets for domestic flights and sanatorium services have decreased,” the Ministry of Economic Development continued.
According to RIA Novosti.

Russian annual inflation rates are declining

About Author

Economics