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Prices In Russia Show An Increase Of 0.2% Weekly
25.02.2016 10:27
Prices In Russia Show An Increase Of 0.2% Weekly

The growth of consumer prices in Russia in the 2 months of the new year has reached 8.3-8.4 percent in annual terms (the current level is 9.8%). According to TASS this evaluation was given by the chairman of the Ministry of Economic development Alexey Ulyukayev.

      Level of inflation in February will be on the same level as in January – approximately 0.9%. The official said that the prices show an increase of 0.2% weekly. In the beginning of February Ulyukayev has said that with the cost of oil being $25 per barrel the prices in Russia will rise higher than expected (the initial prediction being 6.4%). Nevertheless, according to the minister, the inflation will be lower than 10%. One the 12th of February the Bank of Russia has published the prices forecast for February. According to the bank, the annual inflation rate will slow down to approximately 8.3-8.7%.


Author: Anna Dorozhkina


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