OREANDA-NEWS In the summer and in the first month of autumn, food prices in Russia will continue to decline, Deputy Prime Minister Victoria Abramchenko expects. She is quoted by RIA Novosti.

According to the politician, the government monitors food prices every week and now assesses the situation positively. At the same time, Abramchenko hopes that "food will not add any unpleasant points to inflation."

Despite the food deflation, annual inflation in the country accelerated to 2.68 percent in the last week. The main driver was the rise in the cost of passenger cars and services.

The Bank of Russia warned earlier about the acceleration of price growth in the last month. According to the current forecast of the Central Bank, by the end of the year, inflation in Russia will be 4.5-6.5 percent.

One of the possible factors that may affect the dynamics of prices, the regulator considers a strong weakening of the ruble exchange rate, which will lead to an increase in the cost of imported goods. On June 14, the dollar and euro rates continue to rise after reaching local highs a day earlier. The US currency rose to the level of April 2022.