Saturday, September 6, 2014

Inflation in Russia may rise to 7.2% – Dni.Ru

Inflation in Russia may rise to 7.2% – Dni.Ru

Photo: GLOBAL LOOK press

According to the forecast of the Ministry, inflation in Russia in 2015 could rise to 6.7%. It influenced the sanctions imposed by the EU against Russia, Moscow and response .

The reasons for the change in the forecast previously the director of the Department of Macroeconomic Forecasting Economic Development Oleg deadbolt. “A role in this was played by sanctions against Russia and the response of our country. According to our estimates, the contribution of these additional actions will be about 1 percentage point,” – he said.

Later, Economic Development Minister Alexei Ulyukayev said that previous forecast offices inflation for 2014 assumed 5.5-6.5%, while in 2015 – 4.5-5.5%. “ We put the plug 7-7.5%, and if we take the dot, the 7,2% “, – quotes the head of the Ministry of Economic Development of RIA Novosti.

According Ulyukaeva at the moment revised its inflation forecast , including taking into account the sanctions and kontrsanktsy – the entire set of changes that could not be included in the April scenario conditions.

Economic Development presented the forecast for 2015-2018 years, and reported that Russia’s economic growth this year will be 0.5%. However, Ministry of Finance considered an indicator of Russia’s GDP in 2014 inflated . Director of the Department of long-term strategic planning of the Ministry of Finance Maxim Oreshkin said: “Most likely, (GDP growth in the current year) will be a little lower, closer to zero.” He believes that such a prediction can not be called conservative.

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