Central Bank: annual inflation in Russia reached 16.69% in March

This follows from the materials of the Bank of Russia.

“Inflation accelerated in March as a result of the weakening of the ruble and a surge in consumer demand in the face of external sanctions being imposed,” the regulator said.

Over the month, consumer prices rose by 7.53%.

The increase in prices for non-food durables, food products with a long shelf life, and foreign tourism services has noticeably accelerated.

Earlier, the president of the Association of Peasant (Farm) Households, Personal Partial Farms and Cooperatives, Mikhail Shkonda, in an interview with FAN, commented on the situation with food prices.

Ivan Fedyakov, General Director of the INFOLine information and analytical agency, in an interview with NSN, told when discounts might reappear in Russian stores.