The Ministry of Economic Development of Russia indicated that the inflation rate in Russia for the week from December 20 to 26 decreased from 12.35% to 12.19% on an annualized basis.
According to the report of the ministry, the inflation rate for the period from December 20 to 26 was 0.12%, and since the beginning of the year – 12.01%.
According to the report, food prices rose while non-food prices fell.
Russian President Vladimir Putin said during a meeting of the Supreme Eurasian Economic Council that inflation in Russia this year is expected to reach 12.2%.
In turn, the Ministry of Economic Development expected that the inflation rate in 2022 would reach 12%, and next year it would decrease to 5.5%.
Source: TASS