Economic Ministry sees Feb inflation at 2.2-2.3% in annual terms - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Economic Ministry sees Feb inflation at 2.2-2.3% in annual terms

MOSCOW, Feb 13 (PRIME) -- RussiaТs inflation will amount to 0.2-0.3% in monthly terms and 2.2-2.3% in annual terms in February, as seen by PRIME in the materials of the Economic Development Ministry released on Tuesday.

The Federal State Statistics Service earlier said that inflation decelerated to 2.2% in annual terms in February from 2.5% registered in December.

The ministry expects that annual inflation may fall to 2% in June after accelerating in March. It said that temporary factors are not the only reason for the dynamics.

Monetary inflation decelerated by 0.9 percentage points to 1.6% in monthly terms or to 2.5% in annual terms in January from 2.6% in December.

The authority also said that RussiaТs budget surplus may amount to 1.2% of gross domestic product (GDP) in 2018 and the National Wealth Fund may add 3.5 trillion rubles if current oil prices retain.

The 2018 budget law envisages a deficit of 1.3% of GDP.

RussiaТs 2018 industrial development dynamics may remain weak in the next months because of participation in an OPEC+ oil production cut agreement and a decrease gas exports, the ministry said.

In 2017, production rose 1.8% on the year in January-September, but demonstrated a 1.8% fall in October-December due to a combination of factors.

The authority also said that 2017 GDP growth data may be adjusted from 1.5% by the Federal State Statistics Service.

End

13.02.2018 17:15
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep