Russia: depreciation of RUR rates influenced the rate of inflation
Significant depreciation of RUR exchange rates to USD and EUR totaled nearly 7% in the period of the beginning of the current year till the end of February, and already started to influence the rate of inflation in the country, declared the Ministry of Economic Development of the Russian Federation.
According to the experts, in February the rate of inflation increased to 0.7% after decreasing to 0.6% in January. During the period of the beginning of 2014 – February, the prices increased by 1.3%. In February there was the inflation increase to 6.2%, as opposed to the rate of the previous month (6.1%).
According to data of the Ministry, at first the depreciation of RUR rates influenced the prices for food products with high import share.
The experts stated there is no influence on the non-food products and market services owing customer demand decrease and the high level of trading stocks as well.
You should be authorized to post comment
In February, grain exports through the Russian deep-sea ports to exceed 1.1 mln tonnes - Rusagrotrans
On February 9, Russia purchased nearly 10 thsd tonnes of grains to the intervention fund
Russia plans to significantly increase grain supplies to Egypt – Ambassador
In the first week of February, Russia decreased grain export supplies from the seaports
Russia exported nearly 22.5 mln tonnes of grains - Ministry of Agriculture
In 2015, Russia exported over 21 mln tonnes of wheat – Federal Customs Service
February 5, 18:35
FAS Russia is against keeping the export duties on wheat
February 5, 10:50
Leading global operator to invest 2 bln USD in development of the Russian sea ports
February 4, 16:45
Agrarians do not have to pay for worsening of Russian-Turkish relations - Turkish Ministry of Agriculture
February 4, 11:20