Inflation in Sverdlovsk region escalates, hitting a high of 11.4% annually.
Prices Still Climbing in the Middle Urals
The consumer price tag just keeps going up in the Middle Urals, folks. According to data from Rosstat, inflation in March 2025 saw a slight dip compared to previous months, hitting 0.55%. But, guess what? That annual rate still soared to 11.4%!
What's causing this inflation spike, you ask? Well, it seems services are the main offender. However, good news for some, as smartphones and certain products in the region have seen price cuts.
Vacations in southern Russian regions turned out to be a real wallet-buster, as usual. That's because the cost of air and rail tickets, along with rental housing prices, skyrocketed due to increased demand before summer.
When it comes to food, coffee and cheese took the hit with the biggest price hikes. This unfortunate turn of events is thanks to poor harvests in major producing countries and increased production costs for milk and employee salaries. Fish products also took a dive due to reduced catch volumes.
But here's some good news: eggs, oranges, pears, grapes, cucumbers, and more became cheaper in the Sverdlovsk region. The strengthening ruble played a significant role in this price drop. As a result, you'll be able to score some sweet deals on electronics like TVs, laptops, smartphones, and headphones.
Experts predicted that inflation will continue to escalate, as the current economic demand growth is outpacing production capabilities.
In case you missed it, our site previously reported that, according to experts, a modern economy simply can't thrive without taking on loans. However, the current Central Bank of the Russian Federation's key rate doesn't allow for obtaining such loans on reasonable terms.
Academician Sergei Glazyev of the Russian Academy of Sciences pointed out that the average profitability of various production enterprises in Russia ranges from 5 to 12%. With interest rates more than double these figures, it's practically impossible for many enterprises to afford loans without operating at a loss.
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I'm not sure if the cost of grapes will remain affordable in 2025 due to the escalating inflation in the Middle Urals. The average profitability of production enterprises in Russia, as reported by Academician Sergei Glazyev, ranges from 5 to 12%, which is significantly lower than the current interest rates. This might demand financial adjustments for some enterprises to afford loans without operating at a loss.
