In the Republic of Crimea, the rise in prices for gasoline and diesel is accelerating. Prices for medical supplies are also rising
Annual inflation in the Republic of Crimea in August 2023 accelerated to 6.4% after 5.1% in July. The main reason was, as a month earlier, the weakening of the ruble.
Imported fruits continued to rise in price. As a result, price growth for oranges, lemons, bananas and pears accelerated, while apples fell in price more slowly in annual terms than in July. This is also explained by the effect of the low comparative base of last year — in August 2022, prices for these products decreased significantly. Then there was more fruit in the markets of the region due to the expansion of import supplies against the backdrop of the lifting of the ban on their import. In addition, a year ago the strengthening of the ruble affected the reduction in prices of these goods. In the livestock sector, costs for imported feed additives and maintenance of foreign equipment have increased. As a result, prices for poultry, pork and beef accelerated. Due to rising prices for raw materials, the annual growth rate of prices for minced meat and sausages has increased— note the press service of the Branch for the Republic of Crimea of the Southern Main Directorate of the Central Bank of the Russian Federation.
The rise in prices for gasoline and diesel in Crimea continued to accelerate. The reason remains the same — an increase in wholesale prices following the rise in fuel prices on the world market, as well as the absence of gas stations of large oil companies in the region.
In August, an acceleration in the growth of prices for medical goods was noted, which is explained by the rise in prices of imported medicines and raw materials for the production of domestic pharmaceutical products against the background of the weakening of the ruble.
According to the forecast of the Bank of Russia, taking into account the current monetary policy, annual inflation in the country will be 6–7% in 2023, return to 4% in 2024 and will be close to 4% in the future.
source: press service of the Branch for the Republic of Crimea of the Southern Main Directorate of the Central Bank of the Russian Federation