Due to seasonal trends, the average price level in June-July decreases almost every year.
The State Statistics Committee has traditionally recorded deflation in June, Spot reports referring to the department’s data.
This means that in June, goods and services fell by 0.2%. In total, they have grown by 4.4% since the beginning of the year.
The decline in prices is largely due to seasonal trends and a massive decline in prices for vegetables and fruits, the committee explained. This was the case in 2019 and in 2020.
Foodstuffs fell in price by 0.9%, non-foodstuffs rose in price by 0.5%, services – by 0.2%.
The Central Bank predicted inflation in the range of 10% for 2021. So far, this is justifying itself.
10% has been the lowest inflation rate since 2017. Prior to that, for decades it was in the range of 3-5%, but these figures raise strong doubts.
