Date: 2 weeks ago   Category: Economy

Trend inflation slowed down for the first time since July, 2018 — Rambler News Service


Annual rates of trend inflation in Russia in February, 2019 slowed down up to 5.60% from 5.61%, the Bank of Russia reported. Earlier the Central Bank reported that in February annual consumer inflation accelerated up to 5.2%. "Increase in growth rates of consumer prices against the background of stabilization of estimates of trend inflation speaks about prevalence of temporary factors in acceleration of annual inflation in February" — it is noted in the message. Last time trend inflation slowed down in July, 2018. Then the indicator decreased from 4.9% to 4.85%. Trend inflation substantially reflects rates of basic inflation. This indicator is considered by the Central Bank at making decisions on a key interest rate.

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