Analysts predicted that annual inflation in Russia will accelerate at the end of November. This is stated in a consensus forecast prepared on the basis of a survey, writes RIA Novosti.
According to analysts of the largest Russian banks, the topics of price increase in the country will increase to 8.02 percent. This will be the maximum indicator for more than five years – from February 2016. The main causes will be a low harvest of fruits and vegetables, situations in world markets and non-working days.
It is also noted that fruits and vegetables, grain products, meat products, and chicken meat will be problematic categories. In addition, analysts note that cars will rise in price.
earlier in the review “On the current price situation” reported that annual inflation in Russia in a week from 19 to 25 October accelerated from 7.78 percent to 7.97 percent. It is reported that for the specified week, consumer inflation was 0.28 percent. Rising prices slowed down by 0.2 percent – mainly due to lowering the growth rates for fruits and vegetables. In the non-food sector, the price growth rates amounted to 0.17 percent.