Inflation grows in April
23 May 2024
News
In April, current consumer price growth accelerated after a substantial slowdown in March, but still was considerably below the peaks of autumn 2023. Annual inflation sped up to 7.8%.
Price growth rates remained high across a wide range of goods and services. The inflation decrease was not yet steady. The major proinflationary factor was high domestic demand. Its level continued to exceed companies’ capacities to expand output.
According to the Bank of Russia’s forecast, given the monetary policy stance, annual inflation will decline to
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
Фото: Oleg Elkov / Shutterstock / Fotodom