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Central Bank: prices in Russia have slowed growth due to products

  • 18 Feb 10:12

Central Bank: prices in Russia have slowed growth due to products Annual inflation in January slowed down from 3 to 2.4 percent. The Bank of Russia explains the decline in price growth to several factors: the expanded offer of food, strengthenedruble andmodest consumer demand. In January, the fruits and vegetables price fell for the fourth month in a row, including vegetables, fruits and citrus. A wide offer of products and agricultural raw materials in the coming months will continue to keep prices down, especially for theproducts ofgrain and meat,dairy products, eggs, and sugar. The annual food inflation slowed down from 2.6 to 2.0 percent. CB mentions the 0.9 percent decrease in prices for meat and poultry compared to January. Read more...