The May report of the Bank of Russia ' s " Regional Economy " , which analysed the main trends in the country, was published. In particular, in April, annual inflation in the Jaroslava region was 6.97%, rising from March (6.39%). However, its value remains lower than in the Central Federal District (7.71%) and in general Russia (7.84%), where annual inflation has also increased.

Consumption and income. In April and early May, consumption in FRF increased slower than in March, due to a more moderate demand for non-expendable goods. The increased demand for cars, digital and household equipment, which was observed in previous months, declined in April. Demand for daily supplies and catering services remained high. The increase in the turpot in a number of areas has led to an increase in the number of visitors to the cafe and restaurants. In general, tourism prices increased by 12.6 per cent. Intangible incentives have been increasingly used by retention companies.

Prices. April 2024 Annual and monthly price increases (amended for seasonality) have accelerated in FRF. This is due to increased prices of cars, household appliances, confections, telecommunications and household services due to increased costs and increased demand and supply differentials.

The banking sector. In the first quarter, business demand for new loans declined. At the beginning of April, the annual growth of the corporate credit portfolio slowed down and the small and medium business increased. The levels of domination mortgages have increased, as borrowers are awaiting completion of an unaddressed concession programme. For example, in the first quarter, concessional programmes accounted for 70 per cent of all mortgage loans. Market mortgages do not increase due to high rates. Consumer credit has accelerated because of high consumer confidence in income growth. The volumes of automobiles fell after record March due to the increase in car prices. Compared to March, the population ' s inflows accelerated in April through fixed-term contributions while the rates remained high.

The breeding. Owing to freezes, a number of regions were introduced in the first half of May. Significant damage has been caused by wheat, sugar beet, sunflower, crop prediction reduced by 10 to 15 per cent. The negative impact of weather conditions may be partly offset by the intersection and regeneration of crops under favourable weather conditions. In addition to one-year crops, frozen crops were affected for years. The production of potatoes and vegetables is now stable.

Food production January-March grew fast. In the first quarter, almost 3 times more meat products were produced in the CFC than a year earlier. This is facilitated by new capacities and high availability of raw materials. There is a shortage of personnel and an increased cost of transportation.

Domestic services. The increase in public services in March continued to accelerate. In order to extend the life of motor vehicles, their owners have become more likely to use TNA services. The increase in demand for tyre storage and recycling services during the spring period exceeded normal seasonal growth. The increase in the cost of purchase, repair and maintenance of personal cars stimulates cars development in the capital region and neighbouring areas and in 2024.
In more detail on trends, the May edition of the analytical report of the Bank of Russia.Regional economy"