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:

Russian Banks Are Not Ready to Withstand the Crisis Specialized Products For Sportsmen Will Be Imported A farewell to Russia. Murdoch quits Motto And Emblem Of Sochi 2014 Football: Summer Transfer Highlights

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Monuments to People  The USSR  Moscow  Pousadebnoe Koltso  Books  Russian opposition  Tragedy  Sochi Olympics  Sochi  Leningrad Region  Zerkalo Film Festival in Ivanovo  Russian Cinema  Russia-Ireland  obituary  Golden Dolphin  the Tretyakov Gallery   fashion weeks  Alexander Sokurov  Russian society  Mobile Apps  deposits  Electrotheatre  Archeology  Russian business  Russian oil companies  Russian Literature  Pertsov's House  Timiryazev Museum  Russian tourism  New Medicines  Rubin Kazan  Eurovision  Bashkiria  Altai Krai   Dmitri Shorin  Mercedes-Benz Fashion Week Russia  international cooperation  Awards  Exhibitions in Moscow  Moscow Zoo  Kurilsky State Reserve  Russian Choreographers  Novosibirsk State University  Russian Steambath  Central House of Artist  Lenny Kravitz  TNK-BP  Painting  Russian history  Daniil Kharms 

Travel Blogs
Top Traveling Sites