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Inflation in the Russian economy falls, surpassing the psychological barrier

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rocky
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Inflation in the Russian economy falls, surpassing the psychological barrier

Post by rocky on Fri 17 Feb 2017, 4:06 am

Inflation in the Russian economy falls, surpassing the psychological barrier
[size=11]Posted: 17/2/2017 | Are GMT 09:38 |money and business[/size]

Globallookpress

Russian President Vladimir Putin
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Assured Russian President Vladimir Putin, the continued decline in inflation this year, stressing that it was up to the 13th of February, 4.72% on an annualized basis, surpassing the psychological barrier of 5%.
He said Putin, during a meeting on economic issues with the participation of a number of senior Russian officials on Friday February 17, that last year's results were better than expected, and has seen a positive trend of leading economic indicators.
The Russian leader said: "We have now almost all the trends are clear, and it became clear an approximation of what is actually happening ... and became the all aspects of the holidays behind us and the time for action ... and we need to understand these trends, evaluated, and its action plan." 

Putin revealed that he had instructed the government to find a balanced solution that ensures the reduction of inflation, and the development of industrial production, saying: "It's very important to find a balanced solution that ensures a further decline in inflation, and the development of domestic production, and industrial, and agricultural, which in turn should help restore growth real incomes of Russian citizens. " He pointed out that the recovery of the citizens entered one of the main priorities of the state policy.

On GDP, Putin said: "It was better than we expected ... decline in GDP index, according to the latest data, rose 0.2%, while expectations were worse, while industrial production grew by 1.1%."
The meeting was attended by Russian Prime Minister, Dmitry Medvedev, the first deputy prime minister, Igor Shuvalov, and Assistant to the President Andre-Pelossof, and Industry and Trade Minister Denis Masarurov, and Minister of Economic Development Maxim Oyryckin, Finance Minister Anton Siluanov, the head of the Russian Central Bank Elvira Nabealina.
Source: agencies
Nadezhda Oniotina


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