Annual inflation in Russia in November amounted to 7.5%

Tatyana Aksyutina

Annual inflation in November amounted to 7.5%, reports the Bank of Russia. The indicator increased by 0.8% compared to the previous month - in October, it was 6.7%. Experts explain that the price rise continued due to high demand and rising costs.

Monthly price growth accelerated. In November, consumer prices increased by 1.11% (in October - by 0.83%). The acceleration in price growth occurred in several groups of goods and services with very volatile prices. These include fruits and vegetables, chicken eggs, tourism, and passenger transport services.

Let us remind you that annual inflation in the food sector 2021 was 10.6%, 2022 - 10.3%, and November 2023 - 7.2%.

The industrial goods sector will be 8.6% in 2021 and 12.7% in 2022. In November of this year, inflation was at 5.6%.

The services sector was 5% in 2021, 13.2% in 2022, and 10.4% last November.

According to the Bank of Russia's forecast, annual inflation in 2023 will be about 7.5%.

As Bashinform News Agency reported, in Bashkiria, annual inflation in October amounted to 5.8%. The National Bank of the Republic will soon announce data for November.

Author: Elina Akhmetova

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