Primorsky Krai's inflation hits 6.98% as fish and seafood prices surge
Consumer prices in Primorsky Krai climbed by 0.42% in April, according to the latest figures. The rise was mainly pushed by higher food costs, with fish and seafood seeing the sharpest increases. This comes as the region’s annual inflation rate reached 6.98%, well above the national average of 5.58%. Fish and seafood prices led the April increase, driven by strong foreign demand and rising production costs. Frozen whole non-salmon species and squid saw particularly steep jumps. Meanwhile, sugar prices edged up due to seasonal production declines, though they remain 4.81% lower than a year ago.
Coffee was one of the few items to buck the trend, with prices falling for the third month in a row. The drop reflects lower global bean costs and expectations of strong harvests ahead. Elsewhere, non-food goods experienced slight price reductions, while service costs rose modestly. The Bank of Russia has signalled it will keep its current monetary policy in place. The aim is to steer inflation back toward its 4% target, though no immediate changes are expected.
Primorsky Krai’s inflation now stands at 6.98% year-on-year, outpacing the national rate of 5.58%. While some goods like coffee have become cheaper, food—especially fish and seafood—continues to push prices higher. The central bank’s policy stance remains unchanged for now.
