Inflation in Udmurtia in January exceeded the national average by 1%.

In Udmurtia, the inflation rate in January 2025 exceeded the level of the Volga Federal District (9.97%) and the national average (9.92%) by 1%. This was reported by the National Bank in the republic - the branch of the Bank of Russia. The annual inflation rate in the region increased to 11.00%. This is largely due to producers and suppliers of goods and services continuing to pass on increased costs to prices. This was facilitated by increased demand for certain products. The annual increase in food prices in Udmurtia in January was 12.51% compared to 12.32% in December 2024. Producers of meat products, cheese, and ice cream continued to incorporate increased costs for raw materials, logistics, packaging, and labor costs into prices due to a shortage of workers. The volume of fish catch and processing decreased in the regions, leading to a reduction in supply, as was the case nationwide. This led to an acceleration in the annual growth of fish product prices. The increase in prices for non-food items was up to 7.34%. The main reason for this was increased costs due to high demand for certain products. For example, producers and suppliers of household appliances, furniture, and clothing raised prices due to increased costs for logistics and labor expenses because of high demand. The annual increase in service prices was 14.01%. The rise in fuel and labor costs prompted an increase in fares for city buses. Additionally, as of January 1, 2025, government fees for services provided by the registry offices were increased.

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