6/9, 6:02 PM (Source: TeleTrader)
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Inflation in Russia up to 2.5% in May

The annual inflation rate in Russia reached 2.51% in May, up 0.2 percentage points compared to the April reading, the Federal State Statistics Service Rosstat revealed on Friday. Consumer prices increased by 0.31% month on month in May, the report showed.

Prices of food declined by 0.31% on a monthly and by 0.91% on an annualized basis, while prices of non-food products rose 0.34% from April 2023 and by 0.16% from May 2022.

In the services sector, prices in May 2023 went up by 1.13% compared to the previous month and by 11.02% from May 2022.

Baha Breaking News (BBN) / MS