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Annual inflation in Russia has decreased

The annual inflation forecast for 2019, according to the Ministry of Economic Development, is about 4.3%. According to July 15, annual inflation in the Russian Federation fell to 4.5%, according to the report of the Ministry of Economic Development “Picture of business activity. July 2019”.

“According to the Ministry of Economic Development of Russia, as of July 15, the growth rate of consumer prices fell to 4.5% year-on-year (compared with the March peak of 5.3% YoY)”, the document says.

According to official figures from the Ministry of Economic Development, the inflation forecast for 2019 is 4.3%. But at the same time. On July 15, the Russian Minister of Economic Development Maxim Oreshkin told reporters that the Ministry of Economic Development does not exclude annual inflation in 2019 below 4%.

Earlier, the Central Bank of the Russian Federation reported that in June inflation in annual terms slowed to 4.7% amid falling prices for fruits and vegetables. According to the forecast of the Bank of Russia, annual inflation in the Russian Federation by the end of 2019 will amount to 4.2-4.7% and will continue to be near 4%.

 

Source: www.tass.ru

News
The main source of growth of the Russian economy in the second quarter of 2019 was consumer demand, estimates the Central Bank of the Russian Federation in the information and analytical commentary “Economics”.
The Ministry of Economic Development lowered the forecast for inflation in the Russian Federation for 2020 to 3% from 3.8%, keeping the forecast for 2021-2024 at 4%, the Minister for Economic Development of the Russian Federation Maxim Oreshkin told reporters, presenting an updated forecast for the Ministry for 2020-2024 and Updated forecast for 2019.

The volume of investments in fixed assets in Moscow in H1 2019 increased by 19.5% YoY and amounted to 946 billion rubles, according to a press release from the Complex of Economic Policy and Property & Land Relations of the Moscow Government.

The annual inflation forecast for 2019, according to the Ministry of Economic Development, is about 4.3%. According to July 15, annual inflation in the Russian Federation fell to 4.5%, according to the report of the Ministry of Economic Development “Picture of business activity. July 2019”.

On August 6, 2014, Russian President Vladimir Putin signed a decree banning or restricting the import of agricultural products, raw materials, and food from states that introduced economic sanctions against some Russian Federation residents.

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