Central bank expects further inflation growth after 3.1% in April - Business Wire - 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

Central bank expects further inflation growth after 3.1% in April

MOSCOW, May 19 (PRIME) -- The Russian central bank expects further growth of annual inflation after acceleration in April to 3.1%, the authority said in a report late on Monday.

"Acceleration of annual inflation was registered in the majority of regions (81 out of 82) in April 2020. The annual rate of food and non-food goods price rise sped up in general, while the service price dynamics was most heterogenic," the authority said.

"Increase of annual inflation is possible in the future, including due to a low base effect of summer-autumn 2019. At the same time, as the short-term pro-inflation factors fade, the disinflationary influence of lower domestic and foreign demand due to the restrictive measures to fight the coronavirus epidemic will become the predominant factor," the central bank said.

The authority forecasts 2020 inflation at 3.8–4.8% and inflation after 2020 close to 4%.

End %%mk/jst%%

19.05.2020 08:12
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.7854 -0.0969 27 may
USD 71.1408 -0.4554 27 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1219.54 -0.44 10:57 27 may
micex 2751.33 -0.10 10:57 27 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 195.48 -0.70 10:41 27 may
lkoh 5439.00 -0.11 10:41 27 may
rosn 372.70 -0.45 10:41 27 may
sber 194.68 +0.35 10:41 27 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.7950 -0.3775 14:59 27 may
USDTD 70.6200 -1.1325 17:44 27 may