Date: 5 months ago   Category: Economy

The Ministry of Economic Development reported about growth of inflation in January up to 5% — Rambler News Service


Inflation in January, 2019 accelerated up to 5% in relation to the same period of last year, follows from prepared by Ministry of Economic Development "Economy picture" for the specified month. "Inflation in January, 2019 was 1.0% month by a month, having appeared below the official forecast of the Ministry of Economic Development of the Russian Federation. In comparison with the corresponding period of previous year inflation in January accelerated up to 5.0% year-on-year after 4.3% year-on-year in December, 2018", - it is said in the document. The ministry notes that increase in the VAT made a smaller contribution to increase in prices, than expected department. It also predicts that following the results of a year inflation will be less than 5% if ruble exchange rate is stable. Earlier Rosstat reported that inflation in January of the current year accelerated up to 5%. By estimates of department, the price of food products in Russia grew by 1.3%, by nonfood — for 0.6%, services — for 1.1%.

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