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Annual inflation in Russia in May slowed to 3%

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%.

 

Source: www.1prime.ru
News

The most popular investment instruments for Russian citizens are savings accounts in banks, foreign

currency, real estate, life insurance and cryptocurrencies.

The real disposable income of Russians in the third quarter fell by almost 5% after a record drop of

8.4% in the second, Rosstat reported.

In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.

Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion.
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