Rosstat: Annual inflation in Russia reached 16.7 protsentv – Russian newspaper

Rosstat actually confirmed the forecast Minister Alexei Ulyukayev economic development that inflation will reach its peak, 17 per cent in March 2015.

According to the ministry, in the annual terms, the increase in consumer prices in Russia amounted to 16.7 percent. In February the prices of goods increased by 2.7 per cent, services – 0.8 percent.

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Most rose fruit – vegetables. Grapes – 16.3 percent, garlic – by 13.1 percent, onions, carrots, beets – on 9,3-13,2 percent, frozen vegetables and nuts – by 9.0 and 8.4 percent.

Since the beginning of 2015, inflation in general gained 6.2 percent. In annual terms, as food prices rose by 23.3 percent, non-food products by 13 percent.

“The cost of a conditional (minimum) set of food per month on average in Russia at the end of February 2015 amounted to 3.73 thousand rubles and in comparison with the previous month increased by 3.8 per cent since the beginning of the year – by 12.4 percent, “- said the report of Rosstat. Meanwhile, as the Federal State Statistics Service, in the regions (21 subjects of the Russian Federation) noted cheaper gasoline.

Consumer prices on gasoline from 24 February to 2 March fell by 0.1 percent. From the beginning, gasoline prices have fallen by 0.7 percent. Most notably fuel prices fell in Magadan and Abakan – by 1.7 percent and 1.3 percent. A slight increase in prices – by 0.1 percent and 0.3 percent recorded in Rostov-on-Don, Voronezh, Vologda, Tambov and Kazan.

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In Moscow, consumer prices for gasoline over the past week decreased by 0.1 percent. The average price of gasoline on March 2, 2015 amounted to 33.04 rubles per liter against 33.06 rubles on February 24th. Gasoline AI-95 fell to 34.96 rubles to 34.97 rubles per liter. The price of diesel fuel was 34.13 rubles per liter.

According to analysts, the Central Bank is likely to be regarded slowing weekly inflation as a sign in favor of easing monetary policy. But predict that cut the key rate can talk no earlier than summer 2015. Otherwise it can shake the currency market.

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