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Annual inflation drops in Far East - EastRussia | Far East

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In the Far East, annual inflation declined

In the Far East, annual inflation declined
Photo: pixabay.com

Over the past month, annual inflation in the Far Eastern Federal District decreased from 4,3% to 4%. Experts note a slowdown in food and non-food prices. This is due to the expansion of supply, lower demand and the strengthening of the ruble.

According to the press service of the Far Eastern State Bank of Russia, food inflation in October in the Far East fell from 5,3% to 4,8%. The growth rate of prices for eggs, meat, poultry and sugar decreased. A good harvest of vegetables ensured a slowdown in prices for beets, onions, carrots and potatoes. And only prices for fish products continue to rise. This is due to a decrease in catch volumes and an increase in exports.

As for non-food products, the annual inflation in this segment decreased from 3% to 2,8%. This was influenced by all-Russian factors - the strengthening of the ruble and a decrease in demand. Prices began to rise more slowly for cars, electrical goods, tablets, mobile phones and televisions.