All news

Annual inflation in Russia accelerates to 11.7% — Economy Ministry

It is noted that services prices gained 0.21% for the second week in a row

MOSCOW, February 8. /TASS/. Annual inflation in Russia accelerated to 11.72% from January 31 to February 6 against 11.5% a week earlier, the Ministry of Economic Development said in its current price situation review.

"Inflation stood at 0.26% over the week from January 31 to February 6; in annual terms - 11.72%. Food inflation amounted to 0.51% against the seasonal price appreciation for fruits and vegetables. The rise in prices remained actually at the previous week level for other foodstuffs," the Ministry said.

"The rise in prices was 0.02% in the nonfood segment. Services prices gained 0.21% for the second week in a row, while the price growth rates declined for tourist services but gained momentum for amenity services," the Ministry added.