NewsRussia's Annual Inflation Hits 20-Year High

Russia's Annual Inflation Hits 20-Year High

13.05.2022 20:12

Food, non food prices increase over 20% year on year in April.

The annual inflation rate of Russia hit 17.83% in April, the highest level since January 2002, official data revealed on Friday.

According to Rosstat, Russia's statistics agency, food prices increased 20.5% year-on-year in April.

The prices rose 20.2% for non-food products and 10.9% for services.

According to the Russian central bank's expectation, the annual inflation rate is projected between 18% and 23% over the year of 2022.

Writing by Gokhan Ergocun from Istanbul -

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