Inflation rose to 5% in Bashkiria in December, mostly due to food prices

IMPORT Сервисный

Annual inflation accelerated to 5% in Bashkiria in December 2020 after 4.6% in November. Food prices rose the most - by an average of 7.1%. As in Russia as a whole, this is primarily due to the lack of supply of certain types of food and the ruble weakening, analysts of the National Bank RB explain.

The prices for vegetables and fruit, flour and bakery products, meat and fish, as well as for sugar and eggs increased. For example, with a reduction in imported tomatoes' supply, domestic producers raised prices for their products. The rise in banana prices is associated with supply disruptions: in Ecuador, banana plantations were damaged due to a volcanic eruption.

The increase in prices for non-food products amounted to 4.2%. Growth of producers' costs due to the weakening ruble continues to affect here. As a result, goods with imported components are becoming more expensive: foreign cars, tools, equipment, household appliances, electronics. The increased demand amid the construction and repair boom continues to affect the rise in prices for furniture and building materials.

Prices for services increased by an average of 3.1%. The prices for public transport, trips to local holiday homes and medical services have increased. The spheres of foreign tourism, culture, and sports continue to restrain the situation: due to quarantine restrictions, prices for their services have been lower than a year earlier.

As a result, the annual inflation in Bashkortostan in December 2020 became higher than the national average (4.9%), but below the average in the Volga Federal District (5.3%). According to the Bank of Russia forecast, in 2021, inflation will be 3.5-4% in the country and will remain close to 4% in the future.

#inflation #increase

Join us for more and faster updates on our social media.:

Rubrics

Phone

Office: +7(347) 250-05-07 Advertising office: +7(347) 250-11-11 Editors office: +7(347) 250-07-28 Cooperation: +7(347) 250-06-14

inf@bashinform.ru

Address

450077, Ufa, Kirov street, 45

© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.

All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.

When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.