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: http://www.truthdig.com

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:








Comment on our site


RSS   twitter      submit



TAGS:
Russian Academy of Sciences  Jazz  Russian scientists  St. Petersburg  Art Exhibitions,  Easter  Vladimir Engelhardt  Samara Region  Russian transport  Russian economy  Soviet Union  criminality  Kamchatka  public transport in Moscow  Russian oligarchs  Ivan Shultze  Russian Film Directors  Vladivostok  TNK-BP  Moscow-river  Amursk  visa to Russia  skiing in Russia  Bridge of Arts  Theatre Festivals  Football  Exhibitions in Moscow  Applied and Folk Arts  Erre  Beat Film Festival  Penza  Sergey Malyutin  Russian aviation  Pussy Riot case  the Urals region  Novodevichy Convent   children adoption  Russian investment companies  Russian business  Mercedes-Benz Fashion Week Russia  State Museum of Oriental Art  Russian tourism  Adler  Spring-Summer13  Cheese Festival  Moscow  Izhevsk  Russian science  Russian Cinema  ice journey 


Travel Blogs
Top Traveling Sites