Russia's Annual Inflation Hits 20-Year High

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 -