ZCZC
BCN-18
RUSSIA-ECONOMY-INFLATION-BUDGET
Inflation can meet 4.3% target set in budget if current dynamics kept –
Accounts Chamber
MOSCOW, August 19, 2019 (BSS /TASS) – Inflation in Russia can reach the
target value of 4.3% set in the budget as at 2019 year-end if current
dynamics is kept, the Accounts Chamber says on Monday in its report on the
federal budget performance in January – June 2019.
“Inflation dynamics generally meets expectations and if current trends
remain, the forecast value of 4.3% can be achieved, set in the Federal Law
[on the federal budget for 2019 and planned period of 2020-2021 – TASS],” the
Chamber reports.
“The decline of nonfoods prices growth rate against the high base of 2018
and the seasonal price decline for foods” are main factors limiting consumer
prices increase in June, the authority notes. According to statistics, annual
inflation in Russia decelerated to 4.6% in July. Foods prices lost 0.3% in
July. Nonfoods prices had an uptick by 0.2%.
BSS/AFP/HR/1500