(Adds details in second paragraph)
MOSCOW, Feb 12 (PRIME) -- Russia’s consumer price index (CPI) will slow down to 8.3–8.7% on the year in February but risks that it will jump later are still there, the central bank said in a statement Friday.
The high-base effect of February 2015 is the main reason for slowing inflation, the central bank said. “At the same time, lower demand, which was unaffected even by the ruble volatility played its role: citizens were reluctant to store durable non-food products.”
According to the central bank, the recent trade restrictions with Turkey have not hurt Russian consumer prices.
“Nevertheless, these inflation risks have remained. In particular, inflation expectations of people are still high due to economic uncertainty,” the authority said.
End
|
|
