Deflation in Russia accelerated to 0.16% in a week, 08.31.2022.
During the week of August 23-29, deflation in Russia accelerated from 0.15% to 0.16%. According to preliminary estimates, in the first half of 2022, GDP decreased by 0.4% in annual terms, Rosstat said. Since the beginning of the year, consumer prices have risen by 10.38%.
As follows from the report of the Ministry of Economy ( .pdf ), in annual terms, inflation fell to 14.31% from 14.6%. This was due to a decrease in prices in the food sector, which became cheaper by 0.24% over the week. According to the Ministry of Economy, prices are falling in all sectors of the consumer market.
Real wages in June fell by 3.2% in annual terms against 6.1% in May and 7.2% in April, Rosstat said. The unemployment rate in July remained at a record low of 3.9%, which was reached in May. According to analysts' preliminary estimates, GDP fell by 0.4% in the first half of the year. Earlier, Rosstat reported that in the first quarter, GDP growth amounted to 3.5%, in the second quarter the figure fell by 4%.
According to Rosstat, prices for consumer products increased by 10.38%, while since the beginning of August the figure has decreased by 0.54%.
According to Rosstat, prices for fruits and vegetables fell by an average of 3.6%. Tomatoes fell by 6.8%, onions - by 6.5%, carrots - by 5.8%, potatoes - by 5.1%. The cost of bananas decreased by 1%, apples - by 1.8%.
During the week, buckwheat fell in price by 0.5%, frozen fish, wheat flour and millet - by 0.4%, chicken meat and vermicelli - by 0.3%.
Bulky and boiled-smoked sausages and chicken eggs became more expensive by 0.5%, mutton, sunflower oil, granulated sugar and cookies increased by 0.3%, butter, chocolates, cottage cheese, black tea increased by 0.2%. and vodka.
Of the essential goods, matches rose in price by 1.2%, cleaning powders and toothbrushes - by 0.4%, toothpastes and toilet paper - by 0.3%. In the group of medicines, prices for metamizole sodium (domestic analgin) (+0.8%), rengalin (+0.6%), corvalol (+0.5%) increased the most.