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вторник, 25 марта 2014 г.

Siluanov knows that the weakening of the ruble will lead to higher prices

 The ministry offers faster price growth
With News Newsland: The ministry offers faster price growth
According to Finance Minister Anton Siluanova , weakening of the ruble in the beginning of the year will accelerate the pace of inflation in the II quarter . But , he said , in the second half should stabilize the situation , and on the basis of the rise in prices will not exceed 6 %. Note that the official government forecast inflation for 2014 is 4.5-5.5 %. However , according to Rosstat , since February prices increased every week by 0.2%. As a result, by mid-March on an annual basis , prices rose by 6.4% already .


According to Rosstat, in the past week the price of sugar rose by 2.3 % , vodka - by 1.3% , milk - by 1.1%. Butter, rice, millet , eggs , sour cream , cottage cheese rose by 0.5-0.7 %. Potatoes added to the price of 2% , onions, carrots and cabbage - 1.3-1.4 %. Petrol price increased by 0.5%. By December last year, sugar rose by 6.1% , pasteurized milk , cheese , butter and cheese - 5%. Fruit and vegetable products increased in price significantly more potatoes immediately added 30% , cabbage - 41% , onion - 37%. Vodka became more expensive by 11%.
Experts argue that the inflationary pressures inherent in the very structure of the Russian economy , so all the optimistic statements about the government's moderate price growth are more targeted (ie , to aspire to the economic bloc of the Cabinet ) , but in reality, people are waiting for other indicators.
As told "NO" Vice President Audit FBK Alexey Terekhov , the words of the Minister of Finance should be treated as a landmark , which will seek financial authorities . However, there are many circumstances that may change those plans . Current ruble will not last long, as the reasons advanced are of short duration - CB can not do infinitely huge infusion into the currency market, and exporters - to sell the accumulated currency earnings . " Most importantly, the ruble feels insecure in the current structure of the Russian economy. Macroeconomic indicators put pressure on the national currency. While exporters interested in the weak ruble as their costs decline with the growth rate of the currency in which they receive revenue , "- he explained. All these factors will eventually contribute to weakening of the ruble and a marked increase in inflation.

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