Date: 7 months ago   Category: Economy

The Ministry of Economic Development expects acceleration of growth of consumer prices in October — Rambler News Service


Growth of consumer prices in October will accelerate up to 3,5–3,7% in annual terms, follows from prepared by department "Economy picture" for September, 2018. "In October the Ministry of Economic Development of the Russian Federation expects inflation at the level of 0,4–0,5% month by a month. In annual terms growth of consumer prices will accelerate up to 3,5–3,7% year-on-year" — it is said in the document. It is noted that at preservation of ruble exchange rate at the current levels inflation following the results of 2018 will make 3,7–3,9%. "Achievement by inflation of expected value in 3,4% year-on-year for the end of the year can happen at a ruble exchange rate exit to an expected trajectory since October" — emphasized in the MEDT. Added to the Ministry of Economic Development that in September annual rates of inflation continued to grow – up to 3,4% year-on-year from 3,1% year-on-year in August. "Increase in growth rates of consumer prices (in monthly expression with elimination of seasonality) was observed in all main commodity groups, except for fruit and vegetable products" — added in department.

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