Economic Development raised its forecast for inflation in Russia next year to 6.5% due to the sanctions that further acceleration of inflation by 1 percentage point This was stated by the head of the Department of Macroeconomic Forecasting Ministry Oleg deadbolt, reports RIA “Novosti» .
«a role in this was played by sanctions against Russia and the response of our country. But our estimates, the contribution of these additional actions will be about 1 percentage point, “- said the head of the department. According to a previous forecast of inflation in the Russian department in 2015 was expected to be 5%.
In this case, the Economic Development Ministry still maintains indexation of tariffs for the next year at the level of 6%, despite an increase in the inflation outlook in 2014 to 7 -7,5%.
The Office also lowered its forecast for growth of retail in 2015 to 0.6%. Expected slowdown in consumer demand in the next year, the forecast for growth in retail decreased to 0.6% from 2.1%. “We lowered the outlook on the dynamics of the retail trade turnover from 2.1% to 0.6%,” – he said, noting that the reason for this are the sanctions, the response of Russia and geopolitical tensions.
The outlook on growth investment in 2015 dropped to 1.5% due to the freezing of pension savings. The outlook on the decline in investment in 2014 to 2.4% saved.
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