Date: 7 months ago   Category: Economy

Central Bank: inflation in 2019 will temporarily exceed 4% — Rambler News Service


Photo: Natalya of Seliverstov/RIA Novosti In 2019 inflation will temporarily exceed a target indicator in 4%, the Bank of Russia in the bulletin "What Tell Trends About" reports. "Medium-term risks of a deviation of inflation up from target level still prevail. So, because of action of temporary factors inflation will temporarily exceed 4% in 2019 before returns back to this level in 2020" — it is said in the document. The Central Bank notes that the policy of the regulator promotes decrease in inflationary risks and fixing of inflation at the level close to target, on the horizon of several years. By the end 2018 of the Central Bank expects approach of inflation to 4% under the influence of a number of factors of steady and unstable (single) character. "Some increase in rather last year of growth rates of the steadiest a component of a consumer price index, temporary factors poorly subject to action concerns the first. To the second it is possible to refer normalization of dynamics of food prices (transition from deflation – to moderate inflation), influence on the prices of ruble depreciation and the advancing price increase by some producers in anticipation of increase in a base rate of the VAT up to 20%", – explains the regulator.

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