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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

In March, current seasonally adjusted inflation was significantly lower than in the fall, but still above 4% on an annualized basis. This slowdown is mainly due to volatile prices for passenger transport services and foreign tourism. Annual inflation remained virtually unchanged and amounted to 7.7%.

Despite the slowdown compared to the autumn months, the rate of price growth remains high for a wide range of goods and services. The main pro-inflationary factor is high domestic demand, which continues to outpace companies’ ability to increase production.

According to the forecast of the Bank of Russia, taking into account the current monetary policy, annual inflation will drop to 4.0–4.5% in 2024 and will be close to 4% in the future.

Read more in the information and analytical commentary of the Bank of Russia “Dynamics of consumer prices

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)