/ world at this time information/ The Central Financial institution of Russia acknowledged that the worst forecasts for the Russian economic system haven’t come true.
“We see that inflation is working extra evenly than … in keeping with our forecasts. This is because of the truth that costs enhance extra slowly and easily as a result of VAT, particularly in retail commerce, in addition to many one-time components performing in the wrong way,” stated Ksenia Yudaeva, First Deputy Chairman of the Central Financial institution.
Yudaeva reported that the value adjustment is noticed for some meals merchandise. She additionally famous that inflation is rising extra slowly as a result of strengthening of the ruble in the beginning of the yr, and the nation’s economic system will speed up within the second half of the yr.
The central financial institution forecasts some slowdown in financial progress within the first half of the yr, however within the second half of the yr, when fiscal measures begin to work, financial progress is predicted to choose up once more.
On the finish of January, Rosstat introduced a slowdown in value progress.
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Translation: V.Sergeev
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