Weekly inflation in Russia from 17 to 23 March unchanged compared to the prior week and was 0.2%, according to the Rosstat. Since the beginning of March the inflation was 0.7%, with the beginning of the year to 6.9%.

Based on data from Rosstat, inflation in annual terms on March 23, 2015 could be as high as 16.7%.

Over the past week, sunflower oil, canned meat and tea became more expensive 0.9-1.1%; beef, hot dogs and sausages, fish, ice cream, margarine, rice, noodles, biscuits, chocolates and caramel - by 0.5-0.7%. However, sugar prices fell by 1.1%; pork, chickens, eggs - by 0.2-0.4%.

The decline in fruit and vegetable prices averaged 0.9 percent, including cucumbers and tomatoes - 2.8 and 2.4%, respectively, cabbage, onions and apples - 0,4-0,6%. Simultaneously carrot rose 0.7%.

The price of petrol has not changed, diesel fuel rose by 0.1%. Previously the Deputy head of Minekonomrasvitia the Russian Federation Alexey Vedev expressed the view that the peak annual inflation in Russia will be in March, then the dynamics of price growth starts to fade, and by year-end inflation may reach 12-12,4%.

Inflation quickly stabilized

On Monday, the first Deputy Chairman of the CBR Ksenia Yudaeva said that the dynamics of recent weeks indicates the stabilization of inflation in the Russian Federation.

Inflation by the end of 2015 will be approximately at the level of 12.2% is at the lower end of the forecast of the Central Bank, said she.

on 13 March the Governor of the Bank of Russia Elvira Nabiullina said that the Central Bank of the Russian Federation noted the first signs of stabilization of inflation expectations.

In early March it was reported that the growth of prices for non-food products in Russia in January 2015 established a fifteen-year-old record and was 11.2% year-on-year. So, in January compared with the previous month, prices rose by 3.2% due to the continuing revaluation of goods produced due to the difference of exchange. Previously the pace prices have risen almost a year.