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Inflation accelerating to 8.3% in May 2024 — statistics

The price hike in services was 1.53% against April 2024 and by 8.55% year on year

MOSCOW, June 14. /TASS/. Annual inflation in Russia accelerated from 7.84% in April 2024 to 8.3% in May of this year, the Russian federal statistical service (Rosstat) said.

Consumer prices in monthly terms gained 0.74%.

According to statistics, foods prices had the uptick by 0.41% month on month and by 9.11% annually in May 2024. Nonfoods prices edged up by 0.46% monthly and by 7.14% against May 2023.

The price hike in services was 1.53% against April 2024 and by 8.55% year on year.