In the North Caucasus Federal District, inflation was above the national average
In June, annual inflation in the North Caucasus Federal District was 3.8%, while in May it was at the level of 2.3%. On average in the Russian Federation, these figures are 3.2% and 2.5%, respectively. This was announced by the Central Bank of the Russian Federation.
The outstripping inflation rates in the North Caucasus are due to an increase in prices for renting housing, air travel, housing and communal services due to the tourist flow. This reflects the rise in producer costs.
Prices for gasoline, vegetables, meat rose in all regions of the North Caucasus Federal District. Food prices rose due to the weakening of the ruble and the rise in price of imported equipment.
