Annual inflation in Russia staying at 8.51% over week — Economy Ministry

Business & Economy October 16, 22:45

The inflation pressure remains but certain signs of improvement in the near term are observed, First Deputy General Director of the Center for Strategic Research Gleb Pokatovich said

MOSCOW, October 16. /TASS/. Annual inflation in Russia stayed almost flat in weekly terms and equaled 8.51% from October 8 to 14, the Ministry of Economic Development said in its price review.

"Consumer inflation slowed down to 0.12% over the week from October 8 to 14. The annual inflation level was 8.51%," the ministry informed.

Foods prices changed by 0.24%. Prices continued declining for fruits and vegetables; the price dynamics was 0.28% for other foods. In the non-food segment, price growth rates geared down to 0.09%. The price drop continued for electrical and domestic appliances. The rise in prices slowed down for cars, medications and gasoline. In the service sector, prices lost 0.14%.

Annual inflation in Russia slowed down to 8.52% from 8.57% from October 1 to 7.

The inflation pressure remains but certain signs of improvement in the near term are observed, First Deputy General Director of the Center for Strategic Research Gleb Pokatovich said in a comment.

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