In April, prices increased by 2.31% on an annual basis, against 3.51% in March, according to “Rosstat”, to remain below the peak of the increase recorded in the aftermath of the outbreak of the war in Ukraine in last February. year.
However, this drop is not the result of a real slowdown in inflation in Russia, but rather the result of the evolution of the calculation basis taken into account for the price comparison, according to Agence France- Press.
In practice, April 2023 prices were compared to April 2022 prices, when the effects of the wave of international sanctions began to be felt, leading to price chaos and falling value. ruble.
In April 2022, inflation broke a record dating from 2002, reaching 17.8% on an annual basis.
According to forecasts reported by Elvira Nabiullina, Governor of the Russian Central Bank, in mid-February, inflation in Russia should be between “5 and 7%” by the end of the year.
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