Inflation in Russia exceeded 16% – ID Altapress

Inflation in Russia exceeded 16% – ID Altapress

As of February 24, the annual inflation rate in Russia reached 16.2%, higher than the key rate of the Central Bank (15%), reports RIA “Novosti” with reference to the data of Rosstat.

Right Mutual Fund – a good option when “bad” market. Photo: Archive “BCS Premier”.

For the week of 17 to 24 February, inflation was 0.6%, and since the beginning of 2015 – 5,8%.

Inflation exceeded the benchmark interest rate at the beginning of February. January 30, the key rate is 15% and the annual inflation rate, as of February 9, reached 15,6%.

The central bank expects the

quarterly inflation will continue to be significantly lower. But here’s the peak of the crisis and the peak of the annual growth rate also will be in the second quarter, said the head of the Central Bank Nabiullina in an interview with Forbes. “In the future, we expect slowdown in annual inflation,” – she said. Nabiullina stressed that the Central Bank still intends to reduce inflation to 4% in 2017.

According to the Ministry of Economic Development, in March-April inflation will be in the range of 15-17%, reports Forbes.

Note that the inflation rate in 2014 was 11.4%. This figure was the highest since 2008, when consumer prices rose by 13,3%.