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Expert: the products in stores will go up not only because of the ruble
The weakening of the ruble will not be the only cause of rising food prices in Russian stores, favourable period for them to reduce the price in General comes to an end, says the General Director of analytical Agency InfoLine Ivan Fedyakov.
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The U.S. on Friday imposed new sanctions against Russia. In the sanctions list included a number of major Russian businessmen, and they control the company. The decision of the us government have caused massive sales of ruble-denominated assets on Monday, continued weakening of the ruble and the next day. As a result, the dollar on Tuesday reached 63,95 ruble and Euro — ruble from 78.77. These levels correspond to the growth since the announcement of sanctions, of approximately 6 and 8 million, respectively, that is approximately 10%.

"In the first quarter, we were at historically low inflation. Despite this, the Central Bank maintained the forecast of a 4% by the end of 2018. I think the Central Bank here is some insight shown. Exceptionally favorable period to reduce or stabilize prices, as it was in 2018, ends. Already exhausted all the resources for this. What we now see is not the first swallow," — said RIA Novosti Fedyakov.

 

 
 

"There are factors that will largely influence the increase in prices, rather than on their deterrence. This political tensions, sanctions. I do not exclude that will be followed by retaliatory measures by the Russian Federation regarding the protection of the domestic market, as it was during previous sanctions. Not the fact that the climatic component will play into our hands and will once again collect a large harvest," — said the expert.

The head of the Central Bank Elvira Nabiullina earlier on Tuesday said that at present, the annual inflation in Russia is at a historical low level of 2.4%. According to the forecast of the regulator, by the end of 2018, the growth of consumer prices will amount to 3-4%, and in 2019, the inflation will remain near 4%.



Translated by service "Yandex.Translation"
Источники: РИА Новости
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