Russia's Inflation Rate Rises in March

According to Rosstat, Russia's statistical office, the Consumer Price Index (CPI) experienced a year-on-year increase of 10.3% in March, marking a slight uptick from February's 10.1%.

Breaking Down the Numbers

Food prices saw a significant jump, rising by 12.4% compared to the previous year. Meanwhile, non-food products and services weren't far behind, with increases of 5.9% and 12.8%, respectively.

Monthly and Core CPI Insights

On a monthly basis, consumer prices grew by 0.65%. The Core CPI, which excludes volatile items, also showed an upward trend, increasing by 9.6% annually and 0.69% from the previous month.