Inflation in the Russian Federation in May amounted to 0.3% against 0.8% a month earlier, having returned to the level of February, in annual terms – it slowed down to 3% from April 3.1%, follows from the message of the Federal State Statistics Service.
“In May 2020, compared with April 2020, the consumer price index was 100.3%, compared with December 2019 – 102.4% (in May 2019 – 100.3%, compared with December 2018 – 102.4%)”, the agency said.
In May 2020, in 11 regions of the Russian Federation, consumer price growth amounted to 0.5% or more. The highest growth was recorded in Kalmykia – 0.8%, Adygea and Komi – 0.7% each one. In Moscow, prices rose over the month by 0.5%, in St. Petersburg – by 0.1% (since the beginning of the year, price growth amounted to 1.9% and 2.5%, respectively). The Ministry of Economic Development previously forecast inflation in the Russian Federation in May at the level of 0.4-0.6%, in annual terms – 3.2-3.4%.
Food inflation in Russia in May in monthly terms amounted to 0.2% after April 1.7%, in annual terms the increase in food prices slowed to 3.3% from 3.5% in April this year, the Federal State Statistics commented.
Excluding fruit and vegetable products, food prices in May rose by 0.2% compared to April (compared with May last year – by 3.4%). Over the past month, non-food products rose by 0.3% (in annual terms – by 2.8%). Prices for alcoholic beverages in May increased by 0.3% compared to April, and by May 2019 they increased by 2.2%.