In July, annual inflation accelerated in all regions of the North Caucasus Federal District. The strongest is in North Ossetia (by 1.5%–4.3% per annum). It is reported by Rosstat.
The lowest inflation rate in the North Caucasus was noted in Dagestan (3.6%). This is due to the high self-sufficiency of the region in fruit and vegetable and dairy products.
Annual inflation in Karachay-Cherkessia increased in July and amounted to 4.6% after 3.4% in June. In Chechnya, it accelerated to 4.4% after 3.22% in the previous month. In Ingushetia, the figure in July was 5.8% after 5.26% in June.
In general, inflation in the North Caucasus Federal District in July 2023 increased to 4.8% after 3.84% in June. The main growth factor was the weakening of the ruble.
Price growth in Russia also continued, reaching 4.3% (3.25% a month earlier).
