Russia: inflation to reach 9%

Source

APK-Inform

550

According to the results of 2014, the inflation in Russia can reach 9%, declared Aleksey Yulukayev, Head of the Ministry of Economic Development and Trade.

Whereas the inflation rate depends on the devaluation and currency ratio, it will exceed the previous forecast.

Thus, each percent of devaluation makes additional 0.1% of inflation.

As a result, in 6-9 months the inflation will rise to 3.5-4% due to the Ruble declining of 35-40% and by the first quarter of 2015 it will reach nearly 10%.

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