The annual inflation in the Yaroslava region declined in October to 8.31% after 9.04 per cent in September. However, its value was lower than in the Central Federal District (9.06 per cent) and in general Russia (8.5 per cent). The main reason for the slowdown in annual prices in the region ♪ Expanding the supply of selected services.

Price changes were analysed in the monthly information and analysis material of the Bank of Russia.
Domestic egg production has increased among food products. As a result, their proposal in the regional market increased, and therefore, in October, prices increased less than a month earlier.

The increase in the cost of raw materials, packaging and logic in companies producing dairy products has resulted in higher prices, especially for oil.

In the non-food segment, the costs of producers and shoe suppliers increased. This in turn influenced the dynamics of the cost of shoes, especially women. In October, the utilisation fee for the inoculation was indexed. As a result, new imported vehicles were cheaper than in September.

The supply of services increased in October, mainly because of the maintenance of a number of summer charter programmes. As a result of this visit to the countries of Zakavkasya and OAE were less expensive than in September and the cost of travel to Egypt declined.

" The monthly price increase in October has slowed down compared to September in the region. This is mainly due to the low cost of tourism and tour services. However, the expansion of domestic demand in Russia continues to outstrip the possibilities of increasing the production of goods and services.” Comments are made by the manager of the Yugoslav branch of the Bank of Russia, Elena Burmistrowa.

The 2024 annual inflation is expected to range 8.0 to 8.5%. Given the monetary policy, inflation, according to the forecast of the Bank of Russia, will fall to 4.5 per cent in 2025, to 4.0 per cent in 2026, and will be close to 4 per cent in the future.

Details of regional inflation on the website of the Bank of Russia: https://cbr.ru/press/reginfl/?id=53528

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