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

Inflation May Spiral Out of Control in 2014
8.06.2014 17:26
Inflation May Spiral Out of Control in 2014
Photo Credit:

Russia is facing increasing inflationary pressure in 2014 amid flat production, stagnation and growing social expenditures.

      The Bank of Russia, which is the nation’s Central Bank, has admitted it has been unable to keep prices in check but promised it has enough gold and foreign exchange reserves to address this major issue.

      In May 2014 inflation totaled 0.9 percent, one percentage point higher than the projections given by the Economic Development Ministry.

      Sberbank CIB has forecasted a 8 percent inflation rate for 2014 while Economic Development Minister Alexey Ulyukayev downplayed any inflationary figures.

      “The inflation will top 7.7-7.8 percent in June and will taper off starting from July,” he said.


Author: Mikhail Vesely

Tags: Russian economy Alexey Ulyukayev    

Next Previous

You might also find interesting:

Russian Companies were Minimally Involved in the Transactions on the Purchase of Foreign Business in 2019
The Purchase of Advertisements on Facebook for Russian Accounts will be Subject to a New VAT
The Number of Offers on the Sale of Businesses Increased in Russia by 33%
Russian IT Market is Growing
Russia Returned to the Top 10 European Countries in Terms of the Number of Projects with Direct Foreign Investment

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian business  Russian painters  Yakutia  corruption in Russia  Izhevsk  Zhanna Nemtsova  investment  Russian Cinema  Russian Rock  Tourism and hospitality Forum   Nevsky Prospect  Russian models  Alexey Navalny  Republic of Bashkortostan  Rogovs House  Societe Generale  Batteries  Bosco Fresh Fest  Old Moscow  Russian regions  Cars  Ski resorts  Paleontology  Life Saving  Exhibitions in Moscow  Syria  Bankruptcy  Festivals in Moscow  Russian tourism  Guns N' Roses  Konstantin Batyushkov  Festive Recipes  book hotel in Russia  Moscow  Ukraine  Sports Facilities  Russian law  Russian Stove  Hermitage  Beloretsk  travel to Russia  Russian Researchers  Russia Travel Tips  Great Patriotic War  St. Petersburg  Mercedes-Benz Fashion Week Russia  Russias Central Ban  startup  Benfica  Obelisks 

Travel Blogs
Top Traveling Sites