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 In Germany and Russia, inflation stood at 0.9%, but in Germany for a year, but in Russia this month.Statistics: Weekly inflation slowed to 0.1% for the first time since early February
11.06.2014, 16:21
Inflation in Russia for a week from 3 to 9 June was 0.1% for the first 18 weeks, the Federal State Statistics Service said on Wednesday. Last time prices rose by 0.1% in the week from 28 January to 3 February. After this week's consumer price inflation stood at 0.2%, with the exception of the week from 20 to 26 May, when prices rose 0.3% immediately.
Slowdown in prices to 0.1% is seasonal in nature and occurred because of cheaper fruit and vegetables during the week from 3 to 9 June by 0.4% immediately (before the price of fruit and vegetables from the beginning has consistently grown).
Inflation in Russia in May 2014 was 0.9% and after 0.9% in April, 1% in March, 0.7% in February and 0.6% in January. In annual terms, inflation in May 2014 jumped to 7.6% from 7.3% in April, from 6.9% in March and 6.2% in February. Based on data from Rosstat, the annual inflation rate for June 9 remained at the end of May - 7.6%.
 

Inflation in June 2014, according to the Ministry of Economic Development, will be 0.7-0.8%, was noted in the weekly monitoring of the ministry. On an annualized basis, according to the Ministry, inflation in June rise to 7,9-8% from 7.6% in May. The new Ministry of Economic Development gave the May forecast interval indicator of inflation for 2014 to 5.5-6.5% instead of the target of 6%, which was in the working version of the document.
Central Bank in its statement of 25 April noted that the probability of exceeding the inflation target of 5% at the end of the year increased significantly. According to the Bank of Russia, the decision to raise the key rate to 7.5% from 7% will allow slow inflation to no more than 6% by the end of 2014
 June 16, 2014Inflation in Germany in May slowed to 0.9% in annual terms - final data
June 16. FINMARKET.RU - Consumer prices in Germany rose in May 2014 by 0.9% compared with the same month in 2013 and fell by 0.1% compared to April, according to final data from the Federal Statistical Office of the country (Destatis). In April, the annual inflation rate was 1.3%. The rate of change in both indicators in line with preliminary estimates and forecasts of analysts surveyed by Bloomberg.
Food prices in Germany fell in May by 0.4% from the previous month, alcohol and tobacco increased by 0.1%, clothing and footwear - fell 1.3%. The cost of electricity rose in May by 0.1%, gas - has not changed. Consumer prices in Germany, harmonized with EU standards, rose in May by 0.6% in annual terms - is the minimum rate of inflation since February 2010.
Compared to April, prices fell by 0.3%. The dynamics of these indicators also coincided with preliminary estimates and analysts' forecasts. According to the forecast of the European Commission, the inflation rate in Germany in 2014 will be 1.1% and accelerate to 1.4% in 2015.Published / Interfax /Gref: There was a dramatic decline in economic growth
05/22/2014
Sberbank head German Gref described the decline in economic growth in Russia as "dramatic." He expressed his opinion on the panel session at the St. Petersburg Economic Forum.
"We predict that the growth will be from minus 0.5% to plus 0.5%. But this statistical error. Ukrainian situation affected us more than we expected. Capital outflows in 2014 - $ 65 billion, a record number. Investments in fixed assets decreased by 4.5%. I do not remember when that was, "- said German Gref.
Central Bank downgraded the forecast for GDP growth in Russia in 2014

 The Bank of Russia for the third time since January lowered the growth forecast of the domestic economy this year - with the expected in late March, 0.9% to 0.4%.
"According to forecasts of the Bank of Russia on the basis of 2014 Russia's economic growth will slow to 0.4%. Stimulating effect occurred ruble weakening economic activity will be limited, "- said in a statement on the results of the controller board, RIA" Novosti ".
In the face of uncertainty and the background of the observed deterioration in sentiment producers likely continue to reduce investment in fixed assets in the current year, according to the Central Bank.
"Slower growth in real wages and retail lending will have a dampening effect on consumer activity. A positive contribution to economic growth will net exports. However, in the second half of 2014 is expected some acceleration of economic growth amid falling geopolitical tensions and improving sentiment producers "- believes the regulator.
Basic Economic Development forecast for GDP growth in 2014 - 0.5%, the ministry expects to accelerate economic growth to 2.5-3.3% in the three-year term.
At the same time, the Central Bank has kept its key rate at 7.5% per annum, but toughened rhetoric. Inflation in Russia is slowing down the second consecutive week, from 3 to 9 June consumer price inflation fell to 0.1% from 0.2% the previous week, with the beginning of the year prices rose by 4.4%. The annual inflation rate remained at the end of May - 7.6%.
CB stated that his action was not enough to slow inflation to the target level of 5% in 2014. At the same time the regulator removed from the release phrase that inflation will be in the region of 6% by year end.
"Given that the observed acceleration of consumer price growth due to unforeseen factors and the influence of monetary policy on the economy is distributed over time, slowing inflation to the target level of 5% in 2014 is unlikely," - said in a statement.
Thus the regulator hopes that maintaining the current policy direction DCT will provide the slowdown in consumer prices to target levels in the medium term. CB targetiruet inflation in 2015 at 4.5%, in 2016 - 4%.
At the same time, the Bank of Russia sees risks exceeding the inflation target is not only for 2014 but also in the medium term; if they are implemented, the regulator again raise interest rates, said in a statement on the results of the Bank of Russia Board of Directors.
Weakening of the ruble in late 2013 - early 2014, will continue to impact on consumer prices in the coming months, but with the stabilization of the situation on the currency market in April and early June, the contribution rate dynamics in inflation will decrease, believe in the CBA.
Source: vz.ru
June 16, 2014 10:41Industrial output growth in China accelerated in May to 8.8%
June 16. FINMARKET.RU - Industrial production in China increased in May 2014 increased by 8.8% compared to May 2013, after rising 8.7% in April, according to the National Bureau of Statistics of China. Retail sales jumped by 12.5% ​​compared to April, when their growth was 11.9%.
Analysts polled by Bloomberg, on average, predicted an increase in industrial production in May by 8.8%, retail sales - 12.1%. The volume of investment in fixed assets in January-May 2014 increased by 17.2%, as expected by experts.

 Chinese authorities did not intend to take aggressive measures to stimulate the economy whose growth rate in this year, according to experts, can not achieve the target of 7.5% on the cooling of the housing market.

 Earlier this week, the head of Li Keqiang reiterated that the government will continue to "tune" the economy and intends to focus on a "target policy change." Chinese economic growth in the first quarter of 2014 slowed to 7.4% from 7.7% in October-December 2013, which was the lowest since July-September 2012.

Published / Interfax /