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Central bank sees VAT raise inflation boost at 0.6Ц1.5 pp

MOSCOW, Aug 31 (PRIME) -- Contribution of a value-added tax (VAT) increase to RussiaТs inflation can range between 0.6 percentage points and more than 1.5 percentage points and will peak at about 1 percentage point in JanuaryЦMarch 2019, the authority said in a statement on Friday.

The VAT rate will increase to 20% on January 1 from the current 18%.

After the peak, inflation will gradually fall and reach 4% in JanuaryЦMarch 2020.

End

31.08.2018 19:42
 
 
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