Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Bank of Russia: Inflation in Russia will be Close to Zero
August 19, 2017 16:46


 Inflation in Russia will be close to zero in August, at the same time given the volatility of prices, deflation may be observed in some weeks. This was told by the Bank of Russia. The Central Bank also reported that “the slowdown in inflation is seen as a systemic one and is not connected solely with individual volatile components”.

Earlier, on August 4, the Federal Statistics Service said that inflation in Russia slowed down to 3.9 percent in annual terms in July. This is 0.1 percentage points lower than the standard set by the Central Bank. In mid-July the Central Bank said that the cold weather could lead to a partial loss of harvest.

In combination with a lower level of stocks transferred to 2018 this can lead to an acceleration of inflation at the end of this year and at the beginning of the next year. The target level of inflation of the Bank of Russia amounts to four percent by the end of 2017. This indicator should be the lowest in the recent history of Russia. In 2016 consumer prices have risen by 5.6 percent.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

The EU Countries Disagree On The Issue Of Toughening Sanctions Against Russia New Tobacco Regulations Come Into Force Gazprom Will Half the Capacity Of the Turkish Stream Pipeline Holes in Russian Patent Law Fixing the Match-Fixing

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Dynasty  Valery Koshlyakov   Moscow Kremlin   Moscow Fashion Day  environment  Archeology  fashion designer  Sverdlovsk region  Design  Tatiana Doronina  Heroism   Russian national hockey team  Mark Krivosheyev  Russian Literature  accommodation in Russia  Modern Art  Russian tourism  Google   Volzhsky  Russian Cinema  Sasovo  Cars  Moscow  Mercedes-Benz Fashion Week Russia  Victory Day  Cancer  Russian agriculture  Painting  Russian history  Chukotka  Maria Sharapova  Patriach Kirill  Russian transportation  Open Innovations  Chelyabinsk Region  Russian business  Franz Joseph Land  Festival "Imperial Gardens of Russia"   Moscow parks  Burial Grounds  Lake Big Sunukul  Russia  Sochi medals  Pattie Boyd  Russian laws  Agnolo Bronzino  Exhibitions in Moscow  Exhibition Fairs  Brothers Lumiere Center of Photography  Monuments in Moscow 

Travel Blogs
Top Traveling Sites