Inflation in Russia in July in annual terms fell to 7.2% – Interfax

Moscow. on 4 August. INTERFAX.RU – Inflation in Russia in July 2016 was 0.5% after 0.4% in June and April, 0.5% in March, 0.6% in February and 1% in January, Rosstat reported on Thursday.

Rated acceleration of inflation in July is due to the indexation of tariffs on utility services from July.

at the same time, inflation was below analysts’ expectations and the lower end of the forecast of Ministry of Economic Development of July. The consensus forecast of economists, inflation in July, prepared by “Interfax” at the end of the month amounted to 0.7%. Ministry of Economic Development forecasted inflation in July at the level of 0,5-0,7%.

On Wednesday, the Federal State Statistics Service reported that in the last week of July in the Russian Federation experienced deflation for the first time since September 2011.

in January-July 2016, inflation in Russia amounted to 3.9% against 9.4% in January-July 2015 (including July 2015 – 0,8%)

against the background. high base inflation in July 2015 (0.8%) in annual terms, inflation in July 2016 has dropped to 7.2% from 7.5% in June and 7.3% in March-May. In February, the annual inflation rate was 8.1% in January – 9.8% in December – 12,9%

Thus, the annualized inflation rate by 3.3 percentage points. less the key rate of the Central Bank, which is equal to 10,5%.

The base consumer price index, which excludes price changes for individual products that are affected by factors which were administrative, as well as the seasonal nature, amounted to 100.3 in July, % (in July 2015 – 100.4%), in annual terms – 103,9% (109,9%)

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