Inflation in the Kirov region accelerated to 11.4%

Inflation in the Kirov region accelerated to 11.4%

      In February 2025, annual inflation in the Kirov region was 11.4%, according to the information and analytical commentary of the Bank of Russia. The main growth factors were an increase in producer costs and a decrease in the supply of a number of goods, in particular, fish products. There is a shortage of fish in the region due to a reduction in catch, while demand remains high.

      However, the price growth for some goods and services slowed in February compared to January. This applies to foreign tourism, cultural services, telecommunications, as well as goods such as sunflower oil, pasta, cereals and knitwear.

      To contain inflation, the Bank of Russia maintains a high key rate, said Sergey Kryukov, manager of the Kirov branch of the Volga-Vyatka State Bank of the Central Bank of the Russian Federation. Higher interest rates make deposits more profitable, encouraging citizens to spend less and save more, including by avoiding purchases on credit. This reduces consumer demand and the rate of price growth.

      Nationwide, inflation in February was 10.1%. The central bank predicts a return to the target level of 4% only in 2026 and considers it necessary to maintain the increased key rate for a long time.

Другие Новости Кирова (НЗК)

Inflation in the Kirov region accelerated to 11.4%

The Kirov branch of the Volga-Vyatka State Bank of Russia gave a comment on inflation in the Kirov region.