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Rosstat reported the inflation rate for 2020

Inflation in Russia in December 2020, according to preliminary data, accelerated to 0.8% and amounted to 4.9% at the end of the year, Rosstat reported. According to preliminary data, the consumer price index in December 2020 will be 100.8%, from the beginning of the year – 104.9%. In annual terms, the rate of depreciation of money in the Russian Federation at the end of 2020 reached 4.9%. Over the past 12 months, food products have risen in price by 6.7%, non-food products – by 4.8%, and services – by 2.7%. Central Bank, inflation by the end of 2020 will be in the range of 4.6-4.9%, and in 2021 – from 3.5% to 4%.

Source: www.glavbukh.ru  

News
The Russian economy continues to lose its attractiveness in the eyes of large transnational businesses as consumers become poorer and the government continues the sanctions war with the West.

The Washington Institute of International Finance (IIF) sharply improved its forecast for the Russian economy. Its experts revised estimates of the fall in GDP in 2020 from minus 4.8% to 3.6%.

Net capital outflow from Russia by the private sector by the end of 2020 increased 2.2 times compared to the same period last year and amounted to $47.8 billion.

The decline in foreign direct investment (FDI) in the Russian Federation in January-September 2020 amounted to about 80%, according to the report of the World Bank (WB).
Net capital outflow from Russia since the beginning of the year has approached $48 billion.
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