Page 51 - RusRPTFeb24

4.2.1 CPI dynamics
Annual inflation in Russia declined to 7.4% during the period from January 10 to 15, the Ministry of Economic Development says in its current price review. "The rise in prices slowed down to 0.24% in the food sector: the price growth rate for fruits and vegetables dropped to 1.64%, and for other foods - to 0.06%," the ministry said.
Producer prices in Russia rose 3.8% y/y in September of 2022, the same as in the previous month and remaining the lowest increase since December last year. Main upward pressure came from electricity, gas, steam & air conditioning (5%), followed by water supply (4.9%), manufacturing (4.7%) and mining (0.7%). On a monthly basis, producer prices went down 0.8%, following a 1% fall in August.
51 RUSSIA Country Report February 2024 www.intellinews.com