Inflation in Komi accelerated due to rising costs of producers

“The main reason for the acceleration of price increases in Komi was the increase in the costs of food producers. Thus, livestock breeders, poultry farmers and dairy producers in the country increased the cost of utilities, wages, logistics and packaging products. This has led to the fact that the annual growth of prices for cheese, meat products, cottage cheese and sour cream has accelerated, said Pavel Dokukin, head of the economic department of the Bank of Russia for the Republic of Komi. However, in January, the annual growth rate of prices for non-food products decreased. So, for example, slowed down in annual terms the growth of prices for medicines. This was largely due to the increase in the production of pharmaceutical products and medicines by domestic manufacturers. Inflation in Komi remains lower than in the Northwestern Federal District and Russia as a whole. Read more about the dynamics of prices in the Republic of Komi - in the information and analytical material on the website of the Bank of Russia. High price growth means that the economy is not yet able to meet all the demand of citizens and companies. In these conditions, the Bank of Russia maintains high rates in the economy, which will contribute to a slowdown in inflation in the country and its return to the target of close to 4% in 2026.

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