Price growth in most Russian regions saw a decline in April, with prices decreasing month-on-month in four regions. In 59 regions, price growth slowed compared to March.
The rate of increase for services and food prices decreased but remained high. The number of regions reporting lower non-food prices doubled to 39 from March. In other areas, these prices were rising but at a slower pace than the previous month.
Russia’s annual inflation fell to 10.2%, showing a downward trend in 48 regions. However, inflation still significantly exceeded the 4% mark nationwide. This is attributed to insufficient output across most industries to meet the demand for goods and services fully.
To ensure a steady decline in inflation, economic demand should grow at a more moderate pace, and high loan and deposit rates should be maintained over an extended period. “The Bank of Russia will continue lowering inflation,” stated an official source. “According to our forecast, monthly price growth will decrease to 4% in annualized terms already at the end of 2025 and annual inflation will return to the target in 2026.”
More detailed information on regional inflation is available on the Bank of Russia website.
Preview photo: Sergey Malgavko / TASS
