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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

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In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.

Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion.
The international rating agency S&P has approved a long-term rating of Russia for liabilities in foreign currency at BBB- with a stable outlook.
The unemployment rate in Russian regions at the end of Q2 2020 increased by an average of 30% compared to the same period last year, writes Kommersant, citing Rosstat.
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