Sverdlovsk Region: Annual Inflation Rate at 2.5%

28 April 2020 (09:13)

UrBC, Yekaterinburg, April 28, 2020. Sverdlovsk Region’s inflation rate is estimated to come to 2.5% a year in March 2020, the Bank of Russia’s Ural division’s report states.

In Ural Federal District on the whole, the annual inflation rate was 2.5% as well. Kurgan Region (2.8%) did the worst, followed by Chelyabinsk Region (2.6%). In Tyumen Region, Khanty-Mansi Autonomous Region – Yugra, and Yamalo-Nenets Autonomous Region, the figures were, respectively, 2.2%, 2.1%, and 1.3%.

‘In Ural Federal District, the annual food inflation was 0.8% more pronounced in March 2020 than in February 2020 and stood at 2.5%, which was a larger increase than in Russia on the whole (+0.4%). Broken supply chains (the result of the coronavirus pandemic-relate restrictions in certain countries) and the weakening ruble resulted in growing imported fruit, citrus, and berry (namely, apples, oranges, lemons, and grapes) prices. The self-isolation-propelled increased demand for meat, eggs, and potatoes also prevented the prices of these food items from dropping,’ the report states.

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