CAIRO, Feb. 9 – RIA Novosti / Prime. Economic Development is expected to yield annual inflation in Russia at 15-17% peak in March and April, but has no plans to revise the outlook for 2015 12 2% – the impact of the embargo on the food consumer price inflation has decreased and will continue to decline in the near future, head of the ministry told reporters Alexei Ulyukayev.
“We have our annual forecast, which we have – 12.2% December to December, 15.8% average. There is no reason to revise it, “- said Ulyukayev.
The minister said their expectations for annual inflation peak. “I think it’s March and April. It’s hard to say right now, in the range between 15 and 17%,” – he said on Monday. A few days ago Ulyukayev expected peak in March.
According to Rosstat, in January 2015 consumer price inflation in annual terms accelerated to 15% from 11.4% in 2014.
“The effect of (food – Ed.) Embargo will decrease, it has already been reduced, the reduction will continue, “- said Ulyukayev.
” Effect of transfer (weakening of the ruble – Ed.), of course, will be large, depending on whether we have found a balance course or not. If found, it will be exhausted somewhere in the second quarter – if not, it will continue, “- he added.
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