Russia’s annual inflation hits 20-year high
MOSCOW
The annual inflation rate of Russia hit 17.83% in April, the highest level since January 2002, official data revealed on Friday.
According to Rosstat, Russia’s statistics agency, food prices increased 20.5% year-on-year in April.
The prices rose 20.2% for non-food products and 10.9% for services.
According to the Russian central bank’s expectation, the annual inflation rate is projected between 18% and 23% over the year of 2022.
* Writing by Gokhan Ergocun from Istanbul
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