Inflation has slowed slightly

Published 2024년 5월 7일

Tridge summary

Between April 23 and May 2, 2023, Russia experienced a slight deceleration in inflation, with the rate dropping from 0.08% to 0.06% week-on-week, and a year-on-year decrease from 7.82% to 7.75%. The food sector saw a marginal slowdown in price growth, particularly due to a more rapid decline in the prices of fruits and vegetables like cucumbers and tomatoes, although prices for other produce such as beets, carrots, cabbage, potatoes, apples, and bananas went up. Egg prices continued to stabilize, avoiding shortages or significant price hikes. Meat prices showed mixed trends; while chicken and pork prices remained relatively stable, beef prices went up, and lamb prices saw a notable increase due to stagnant production levels and rising demand, a trend that is expected to persist.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Inflation in Russia for the period from April 23 to May 2 slowed to 0.06% compared to 0.08% in the week from April 16 to April 22, year-on-year - from 7.82% to 7.75%, follows from the review Ministry of Economic Development “On the current price situation.” Including in the food products segment, the price growth rate decreased from 0.13% to 0.12%. “The decline in prices for fruits and vegetables has accelerated (-0.72%): the rate of decline in prices for cucumbers and tomatoes has increased. Prices for other food products changed by 0.19%. The decline in prices for eggs and flour has accelerated, and the rise in prices for rice, oil and fat and dairy products has slowed down,” the review says. According to Rosstat, from April 23 to May 2, cucumbers fell in price by 5.7%, tomatoes by 2%, and onions by 0.3%. At the same time, beets became more expensive by 6.3%, carrots by 4.5%, cabbage by 2.2%, potatoes by 1.3%, apples by 0.7%, bananas by 0.2 %. Eggs, according to Rosstat, became ...

Source: AgroInvestor