Russia's Annual Inflation Hits 5.39% as of June 1, 2023
Annual inflation registered at 5.39% from May 26 to June 1 — Economy Ministry
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As of June 1, 2023, Russia's annual inflation rate was recorded at 5.39%, according to the Ministry of Economic Development. Weekly inflation from May 26 to June 1 was 0.15%, with notable price increases in fruits and vegetables.
- 01Annual inflation in Russia is 5.39% as of June 1, 2023.
- 02Weekly inflation from May 26 to June 1, 2023, was 0.15%.
- 03Food prices increased by 0.12%, with fruits and vegetables rising by 1.1%.
- 04Price growth in the non-food sector was minimal at 0.04%.
- 05The services sector saw a price increase of 0.44%.
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According to the Ministry of Economic Development, Russia's annual inflation rate was recorded at 5.39% for the period ending June 1, 2023. The weekly inflation rate from May 26 to June 1 was 0.15%. Food prices experienced a slight increase of 0.12%, driven primarily by a 1.1% rise in the cost of fruits and vegetables. Other food categories saw minimal growth at 0.03%. The non-food sector's price growth was even lower at 0.04%, while services experienced a more significant increase of 0.44%.
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The inflation rate affects consumer purchasing power and overall economic stability in Russia.
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