By the end of 2023, inflation will be 5-7%;
In January, annual inflation in Bashkiria slowed down and amounted to 10.8% against 11.3% recorded in December last year. Economists attribute lower inflation in the republic to restrained consumer demand for certain goods and services, as well as lower costs for commodity producers.
According to the National Bank of the Republic of Belarus, the growth in the production of livestock products has led to a slowdown in the growth of prices for beef and some meat products, as well as almost all range of dairy products.
“The strong harvest has become the main reason for the decline in the rate of growth of prices of flour, cereals and their products, as well as sugar,” says the financial regulator.
In addition, according to economists, restrained demand with increased supply has caused slower price growth for cars and tires, lumber and furniture, clothing and footwear, some perfumes and cosmetics, as well as fuel.
According to experts of the Regional National Bank, the main influence on the slowdown in inflation in the service sector was the dynamics of the cost of air tickets and organized trips abroad.
- The expansion of the flight schedule of Ufa International Airport has led to meeting the increased demand of residents of the republic for vacations abroad with direct flights from the region, – said Almaz Gabdullin , economist at the National Bank of Bashkiria.
So, in January, in addition to flights to Turkey and the United Arab Emirates, direct flights from the republic to Egypt were also opened. This resulted in a slowdown in the annual increase in the cost of tourist travel.
Meanwhile, annual inflation in Bashkortostan turned out to be lower than that of the Volga Federal District, where this figure is 11.7%, and the national average, where the inflation rate is recorded at 11 .8%. According to the forecast of the Bank of Russia, by the end of 2023 inflation will be 5-7% and will return to the target of 4% in 2024.
