Monthly inflation decrease continues for fourth straight month in Komi
The Bank of Russia's Komi branch has released new data on prices and inflation rates in the Republic of Komi. According to the report, the annual inflation rate in the region has been decreasing for the fourth consecutive month, reaching 8.24% in July.
This decrease is significant, especially when compared to the national average of 8.79%. The Bank of Russia aims to maintain interest rates that will reduce the annual inflation rate to 4% by 2026 and keep it near this level in the future.
However, the report does not mention any changes in the annual inflation rate for the months following July 2025.
In July, food prices in the republic decreased compared to June. This is due to the arrival of new harvest products on the market, causing prices for items such as cabbage, potatoes, and cucumbers to decrease. On the other hand, among non-food goods, perfumes and cosmetics became more expensive.
The increase in prices can be attributed to several factors. Producers and suppliers increased prices for raw materials, materials, delivery, and personnel wages due to labor shortages in July. However, egg prices significantly decreased in July due to increased market supply from increased production.
The Bank of Russia's Komi branch also reported that prices in the Republic of Komi increased by 0.78% in July compared to June. This increase is mainly due to the planned indexation of communal tariffs from July 1, 2025, which led to a rise in prices for services.
Viktor Starcev, the Deputy Director of the Bank of Russia's Komi branch, provided further commentary on the causes of price dynamics in July 2025. For more information on the causes of price dynamics, visit the Bank of Russia's website.
This information is based on reports from Rosstat. For updates on the inflation rate in the Republic of Komi, stay tuned to the Bank of Russia's Komi branch reports.
