Seasonal demand for vegetables «did the job»: inflation in Sevastopol

KrymPRESS reports:

After the June slowdown, annual inflation in the hero city gradually increased in July. In July, it amounted to ,3%, accelerating by 0.6 p.p. Inflation in Sevastopol is still ahead of the federal and district indicators.

The dynamics of price growth in the food sector was significantly affected by the early harvest, due to which the traditional July peak of vegetable deliveries to the region shifted a month earlier — to June. But already in July, there were fewer vegetables of the “borscht set” on the Sevastopol shelves than it was observed a year earlier, so the prices for potatoes, beets, carrots and fresh herbs decreased more slowly than last year. Imported products rose in price against the backdrop of increased delivery costs due to the closure of air links with airports in southern Russia. At the same time, against the backdrop of measures to support livestock breeders, the growth in prices for meat and semi-finished products slowed down, and eggs fell in price , — the press service of the Sevastopol Branch of the Southern Main Directorate of the Bank of Russia notes.

Annual inflation continued to decline in the non-food sector. In the domestic market, due to the existing restrictions on the export of timber, the supply of timber increased, so in July the price of boards fell, and furniture rose in price more slowly than a year ago. The rate of rise in prices for goods with a high import supply, in particular, for cars, electrical goods, and household appliances, has slowed down. The reason is the decline in increased demand in March and the establishment of alternative supplies.

As for the situation in the country, consumer prices decreased for the second month in a row, primarily under the influence of an increase in the supply of fruits and vegetables and against the background of the strengthening of the ruble in previous months . According to the forecast of the Bank of Russia, by the end of this year, inflation will decrease to -15%, and will return to the target level near 4% in 15 year.

Source: Press Service of the Sevastopol Branch of the Southern State Administration of the Bank of Russia