Regional Economy report: consumer demand rises moderately, inflation slows
Consumption continued to grow at a moderate pace between April and May 2025. Demand for durables declined. Current price growth slowed down but inflation expectations remained high among both households and businesses.
Business activity showed mixed trends across sectors and regions. An increase in output was reported by shipbuilders in the North-West and by aircraft manufacturers in the Volga Region. Cargo traffic at Far Eastern seaports rose, backed by the higher transshipment of coal and oil. However, there was a decrease in the output of metal products in the Urals and of chemicals in Siberia.
More details are available in the May issue of the Regional Economy: Commentaries by Bank of Russia Main Branches report. The special topics of this issue are regional differences in consumer price trends, import and export freight logistics, and domestic tourism and passenger transport.