Date: 8 months ago   Category: Finance

Central Bank: return of annual inflation to 4% happens quicker than expected — Rambler News Service


Photo: Natalya of Seliverstov/RIA Novosti Return of annual inflation to a target indicator to 4% occurs quicker, than it was expected, the Bank of Russia reports. "Return of annual inflation to 4% happens quicker, than it was expected earlier. Annual rates of a gain of consumer prices have increased up to 3,1% in August that is slightly higher than the upper bound of the forecast of the Bank of Russia" — it is said in the statement. The regulator notes that growth of consumer prices in August is connected with increase to 1,9% of annual rate of a gain of the prices of food products. According to the Central Bank, it was promoted change of balance of supply and demand in the separate food markets and also effect of low base of last year. "Also there is a fine tuning of the prices to the ruble depreciation which has happened since the beginning of year. The majority of the indicators of annual inflation characterizing the steadiest processes of price dynamics, according to the Bank of Russia, show growth" — specifies the Central Bank. Earlier the Central Bank for the first time since December, 2014 has raised a key interest rate. The indicator has grown by 0,25 items — up to 7,5%.

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