In the Kirov region, the increase in livestock farmers' costs provoked inflation

      In January, annual inflation in the Kirov region rose to 10.7% after 10.2% in December. One of the main reasons was the increase in the costs of manufacturers and suppliers, which they transferred to the prices of their products.

      Livestock breeders and meat and milk processors have increased their costs for feed, veterinary products, packaging, equipment maintenance and wages. This has led to an accelerated increase in prices for meat and dairy products such as pork, milk and sour cream.

      Sergey Kryukov, manager of the Kirov branch of the Volga-Vyatka State Bank of Russia, noted that the stabilization of the ruble exchange rate had slowed down the rise in prices for smartphones, perfumes and cosmetics.

      Changes in regulated tariffs also led to an increase in inflation, in particular, a more noticeable increase in contributions for major repairs, and an increase in state duties for services provided by registry offices from January 1.

      Nationwide, annual inflation in January was 9.9%. The Bank of Russia maintains a high level of interest rates in the economy to reduce inflation. According to the forecast, annual inflation in Russia will return to 4% in 2026 and will then remain close to this level.