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
Russia: no single price trend on the export wheat market
July 31, 15:40
Russia harvested 37 mln tonnes of grains – Ministry of Agriculture
July 31, 11:40
Russia: RUR weakness doubled the export duties on wheat — Rusagrotrans
July 31, 10:45
In 2014/15 MY, Russia occupied the 6th position on the world export market of soybean oil
July 29, 16:20
Russia: Government plans to limit palm oil usage in the food industry
July 29, 10:30
Russia to reach the forecasted grain harvest volumes, despite the drought — Ministry of Agriculture
July 28, 15:05