Inflation – Johnson's Russia List

Johnson's Russia List

As Russia’s Food Prices Soar, Bakers Are Feeling the Squeeze; The costs of key ingredients like sugar and eggs have risen sharply in recent months.

January 24, 2019 JRL Russia List Agriculture, Economy, Business, Investment, Trade, Europe, EU, Sanctions, United States, U.S.-Russian Relations

File Photo of Wheat Field in Kenya, adapted from image at usda.gov

(Moscow Times – themoscowtimes.com – Evan Gershkovich – Jan. 22, 2019) [themoscowtimes.com/articles/as-russias-food-prices-soar-bakers-are-feeling-the-squeeze-64225] Vladimir Anshakov hadn’t planned on becoming a baker. But when the law school graduate was between jobs several years ago, he was spending more time at home with his teething toddler who had a penchant for gnawing on bread crusts. After the new father checked the ingredients, his […]

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JRL NEWSWATCH: “Russian inflation, growth to remain low in 2019 says World Bank” – bne Intellinews

January 9, 2019 JRL Russia List Economy, Business, Investment, Trade, Oil, Gas, Energy, Sanctions, United States, U.S.-Russian Relations

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“Russian inflation is in focus for 2019 as prices began to rise at the end of 2018 and ended the year slightly above the Central Bank of Russia (CBR) target rate of 4%. … the World Bank says that inflation will remain low this year and growth will be 1.5%, the same as in 2018 …. The U.S. government has […]

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RUSSIALINK: “Real Incomes ‘Barely Budged’ in 2018, Chief Auditor Says” – Moscow Times

January 3, 2019 JRL Russia List Economy, Business, Investment, Trade

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(Moscow Times – themoscowtimes.com – January 3, 2019) Russians saw virtually no change in their purchasing power as prices outpaced growth estimates in 2018, the country’s chief auditor has said. Economists say 2018 was the fifth consecutive year of falling real disposable personal incomes in Russia. They are set to drop again this year. “Citizens’ real incomes increased by decimal […]

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JRL NEWSWATCH: “Inflation Stalking Russia Adds to ‘Hopelessness’ Among Consumers” – Bloomberg/ Anna Andrianova, Evgenia Pismennaya, Zoya Shilova

October 17, 2018 JRL Russia List Economy, Business, Investment, Trade, JRL NewsBlog

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“The mood among Russian consumers is souring just as inflation increasingly eats into their purchasing power. Faster price growth and an unsteady ruble are hurting household finances, contributing last quarter to the biggest plunge in consumer confidence since 2015. … mirror[ing] a broader loss of momentum in the economy … slow to rebound despite higher oil prices. … Fed up […]

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JRL NEWSWATCH: “Levada poll: Russians’ worries close to home” – Bear Market Brief/BMD Russia

September 10, 2018 JRL Russia List Economy, Business, Investment, Trade, JRL NewsBlog, Politics, Government, Protests, Elections

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“… [poll numbers indicate that] Russians are concerned about rising prices (72%), poverty (52%), and unemployment (48%). … the highest August figures since 2013. … a Bank of Russia survey finds … ordinary Russians are expecting higher inflation …. lean years have rendered adventures abroad relatively less important to Russians. … inflationary expectations raise the specter of a key rate […]

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JRL NEWSWATCH: “Russia Inc. Isn’t Waiting for Central Bank to Brave a Rate Hike” – Bloomberg/Anna Andrianova

August 28, 2018 JRL Russia List Politics, Government, Protests, Elections

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“The cost of money is rising for Russians well ahead of any potential central bank move to lift interest rates for the first time in almost four years amid concern the U.S. may impose fresh sanctions. State-run Sberbank PJSC, which holds almost half of all Russian savings, is increasing rates for ruble accounts for the first time since 2014. It […]

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RUSSIALINK: “Inflation on the Rise for Russians” – Moscow Times

August 27, 2018 JRL Russia List Economy, Business, Investment, Trade, Sanctions, United States, U.S.-Russian Relations

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(Moscow Times – themoscowtimes.com – August 27, 2018) The cost of money is rising for Russians well ahead of any potential central bank move to lift interest rates for the first time in almost four years amid concern the U.S. may impose fresh sanctions. State-run Sberbank PJSC, which holds almost half of all Russian savings, is increasing rates for ruble […]

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JRL NEWSWATCH: “Russia’s financial authorities are putting the economy on an ‘economic war’ footing as sanctions bite” – bne Intellinews/Vadim Dumes/Ben Aris

August 24, 2018 JRL Russia List Economy, Business, Investment, Trade, JRL NewsBlog, Sanctions, United States, U.S.-Russian Relations

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“The sanctions[-]based assault on Russia by the U.S. and its expanding sanctions regime is starting to take its toll as the Russian government and financial authorities [are scrambling] to manage the damage … affecting everything from corporate profits to foreign currency reserves. Earlier this month … The Central Bank of Russia (CBR) said it will stop its regular foreign currency purchases […]

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Russians Primarily Concerned With Rising Prices – Poll

April 24, 2018 JRL Russia List Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

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(Moscow Times – themoscowtimes.com – April 24, 2018) Rising prices remain the primary concern among Russians polled by the independent Levada Center, followed by poverty and unemployment. While Russia’s economy grew 1.5 percent last year after two years of recession, it fell short of a government target of 2 percent. In March, one month before U.S. sanctions were imposed, real […]

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Russians worry most about price rise, poverty, unemployment – poll

August 31, 2017 JRL Russia List Economy, Business, Investment, Trade

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MOSCOW. Aug 31 (Interfax) – Price rise still tops the list of social problems in the eyes of Russians, although its topically has declined over recent years, from 78% in 2015 to 61% now, Levada Analytical Center told Interfax. The other two of the top three problems are poverty and massive destitution (45%), and growing unemployment, corruption and bribery (33%). […]

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Interfax: Russian consumer prices unchanged, annual inflation down to 3.7% in week

August 23, 2017 JRL Russia List Economy, Business, Investment, Trade

File Photo of Older Russian Woman Shopping in Grocery Store

MOSCOW. Aug 23 (Interfax) – Russian consumer prices were unchanged in the week of August 15-21, the Federal State Statistics Service (Rosstat) said. Russia had 0.1% deflation the previous three weeks as prices fell for the first time since early August 2016. Inflation was much lower than expected at 0.1% in July despite weekly inflation for the month being 0.3%. […]

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Government policy measures could reduce price volatility, inflation expectations – CBR chief

July 13, 2017 JRL Russia List Economy, Business, Investment, Trade

Elvira Nabiullina file photo

ST. PETERSBURG. July 13 (Interfax) – Government policy regarding the development of infrastructure, logistics and competition on food markets, as well as tariff regulation could help to reduce the volatility of prices and lower inflation expectations, Central Bank chief Elvira Nabiullina said at the International Financial Congress. “We need to fight not only with the consequences of shocks for inflation, […]

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IMF Sees Russian Economy Moving Out Of Recession, Inflation Slowing

May 22, 2017 JRL Russia List Economy, Business, Investment, Trade

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(©2017 RFE/RL, Inc. Article also appeared at rferl.org/a/russia-imf-ecomomy-recession/28498056.html – May 19, 2017) The International Monetary Fund said Russia’s economy will rebound this year after a two-year recession and inflation should slow to the central bank’s target amid diminished short-term risks from volatile oil prices and financial markets. Russia’s economy should expand 1.4 percent this year, the Washington-based IMF said on May […]

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TRANSCRIPT: [Putin at] Plenary session of Congress of Russian Union of Industrialists and Entrepreneurs

March 17, 2017 JRL Russia List Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

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(Kremlin.ru – March 16, 2017) Vladimir Putin addressed a plenary session of the Congress of the Russian Union of Industrialists and Entrepreneurs. The congress is being held as part of the X Russian Business Week (RBW) on March 13-17, hosted by the Russian Union of Industrialists and Entrepreneurs. The RBW participants coordinate proposals on key areas of interaction between the […]

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NEWSLINK: “Russian inflation falls below 5% for the first time since Soviet days” – bne Intellinews/Ben Aris

March 13, 2017 JRL Russia List Economy, Business, Investment, Trade, Newslinks

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“Russia’s consumer price inflation … dropped below 5% for the first time since the fall of the Soviet Union more than a quarter of a century ago. Inflation was 4.6% y/y in February, according to Rosstat, down from 5% in January and in line with the Bloomberg consensus for the month. …”

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NEWSWATCH: “Russia’s economy grows at $40 per barrel oil; Russia’s Central Bank last week said appetite was low for an increase in lending rates” – UPI/Daniel J. Graeber

February 10, 2017 JRL Russia List Economy, Business, Investment, Trade, JRL NewsBlog, Oil, Gas, Energy

Elvira Nabiullina file photo

The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel … [Central Bank Gov. Elvira Nabiullina] said. … The number of economic sectors expected to expand this year is not much greater than those in contraction, but losers are outnumbered. Much … depends on the price of […]

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Russian Central Bank Chief Nabiullina Named European Banker of the Year

January 5, 2017 JRL Russia List Britain, UK, United Kingdom, Economy, Business, Investment, Trade

Elvira Nabiullina file photo

(Moscow Times – themoscowtimes.com – January 4, 2017) The British finance journal The Banker has named Russian Central Bank Head Elvira Nabiullina as the European Central Bank Chairman of the year. The journal highlighted Nabiullina’s success in controlling Russia’s inflation rate. “The efforts of the Central Bank head has led to the fact that the rate of inflation by the […]

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Russia’s Widening Wealth Divide Poses Risks to Central Bank

October 19, 2016 JRL Russia List Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

Hands Opening Envelope Containing Cash

(Bloomberg – bloomberg.com – Andrey Biryukov – October 19, 2016) The Bank of Russia is discovering yet another downside to how little is left of the country’s middle class. The central bank has warned that its ability to steer inflation is at risk from growing wealth inequality and the disappearance of the middle-income households that are the most sensitive to […]

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NEWSWATCH: “Russian PM expects modest economic growth in early 2017” – Reuters

October 3, 2016 JRL Russia List Economy, Business, Investment, Trade, JRL NewsBlog, Politics, Government, Protests, Elections

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… Medvedev expects modest growth in the economy early 2017 …. The Russian economy has struggled following the introduction of international sanctions against Moscow in 2014 over its role in the Ukraine crisis. … According to a Reuters poll, Russian inflation will fall to just over 6 percent by the end of the year as monetary policy is kept tight, […]

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NEWSLINK bne/Intellinews: “International tensions overtake inflation on Russia’s ‘fear index'”

August 10, 2016 JRL Russia List Economy, Business, Investment, Trade, Foreign Policy, Security, Visas, Newslinks, Politics, Government, Protests, Elections

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Here’s What Putin Wants From Central Bank as Elections Near

July 6, 2016 JRL Russia List Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

Central Bank of Russia file photo

(Bloomberg – bloomberg.com – Anna Andrianova, Andre Tartar – July 5, 2016) Helping your president win elections doesn’t have to compromise a central bank’s independence, at least not in Russia. Monetary policy is aligning with politics before Vladimir Putin’s biggest test at the ballot box since he returned to the presidency in 2012. By claiming the upper hand in the […]

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Putin Swears Off Stimulus as Policy Mix Moves Toward ‘Orthodoxy’

April 18, 2016 JRL Russia List Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

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(Bloomberg – bloomberg.com – Anna Andrianova – April 17, 2016) It was by no means the showstopper of President Vladimir Putin’s annual call-in with Russians, complete as it was with digs at the U.S. and justice dispensed on live television. Two days after Bank of Russia Governor Elvira Nabiullina urged reforms and warned against the “big illusion” of using inflation […]

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Russian Inflation Slows More Than Forecast as Ruble Shock Fades

April 5, 2016 JRL Russia List Economy, Business, Investment, Trade

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(Bloomberg – bloomberg.com – Anna Andrianova – April 5, 2016) Russian inflation decelerated to the slowest pace in almost two years as withering consumer demand continues to weigh on prices and stronger oil propels a rally in the ruble. Consumer-price growth eased to 7.3 percent from a year earlier in March, compared with 8.1 percent in February, the Federal Statistics […]

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Russia sees 1% January inflation, annual falls to single figures – Rosstat

February 5, 2016 JRL Russia List Economy, Business, Investment, Trade

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MOSCOW. Feb 5 (Interfax) – Russia had 1% inflation in January 2016, compared with 0.8% in both December and November 2015, the Federal State Statistics Service (Rosstat) said. Analysts told Interfax in a consensus forecast at the end of January that they thought inflation for the month would be 1%. Inflation soared to 3.9% in January 2015 – the highest […]

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Can Russia Be More Miserable? Judging by Oil, the Answer Is Yes

February 4, 2016 JRL Russia List Economy, Business, Investment, Trade, Oil, Gas, Energy

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Combining inflation and unemployment, Russia is among the world’s unhappiest economies (Bloomberg – bloomberg.com – Elena Popina – February 4, 2016) [Charts here bloomberg.com/news/articles/2016-02-04/can-russia-be-more-miserable-judging-by-oil-the-answer-is-yes] The sinking price of crude has Russia hostage over a barrel of oil. For an inkling of how unhappy everyday Russians have gotten as Brent crude heads further south, take a look at the Misery Index […]

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Inflation Is Most Worrying Problem for Russians – Poll

February 2, 2016 JRL Russia List Politics, Government, Protests, Elections

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(Moscow Times – themoscowtimes.com – February 2, 2016) The number of Russians that consider high inflation one of the country’s biggest problems increased sharply in January, a survey by state-run pollster VTsIOM revealed Tuesday. Twelve percent of Russians were concerned about rising prices in December, but in January that number jumped to 20 percent, according to the poll. Other problems […]

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Russians put economy, inflation on top of most pressing national problems

February 2, 2016 JRL Russia List Economy, Business, Investment, Trade

File Photo of Older Russian Woman Shopping in Grocery Store

(Interfax – February 2, 2016) The economy, inflation, and low living standards have been viewed by the public as the top three most pressing problems in Russia, for the past six months, the Russian Public Opinion Study Center (VTsIOM) has said. The economy was the number one problem in the January rating. Concerns about economic affairs started growing in November […]

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Russians’ Real Wages Fall 9.5% in 2015

January 26, 2016 JRL Russia List Economy, Business, Investment, Trade

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(Moscow Times – themoscowtimes.com – January 26, 2016) As Russia’s inflation reached double-digits last year, Russians saw their real wages decline by 9.5 percent compared to 2014, data published by the Rosstat state statistics service showed Monday. In December 2015, real wages of Russians dropped 10 percent when compared to the same month in 2014, according to Rosstat data. The […]

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NEWSLINK Russia Beyond the Headlines/RBC Daily: “Davos experts warn Russia about threat of hyperinflation. In 2016 the main risks for Russia and its neighbors will be budget deficits, hyperinflation and unemployment.”

January 18, 2016 JRL Russia List Economy, Business, Investment, Trade, Newslinks

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Inflation in Russia reaches 12.9 per cent, highest since 2008 – statistics

January 5, 2016 JRL Russia List Economy, Business, Investment, Trade

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(Interfax – December 31, 2015) The inflation in Russia has reached its highest value since 2008, mounting to 12.9 per cent for 2015, the Russian Federal Service of State Statistics (Rosstat) reported, as cited by Russian privately-owned news agency Interfax on 31 December. According to Rosstat, the preliminary calculations for December, which are based on data for a limited list […]

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NEWSWATCH Wall Street Journal: “Russia Takes Aim at Turkish Economy Amid Fighter-Jet Spat. Turkish officials reject Vladimir Putin’s call for an apology.”

November 28, 2015 JRL Russia List Agriculture, Aviation, Economy, Business, Investment, Trade, JRL NewsBlog, Mideast, North Africa, Syria, Egypt, Libya, Military, Syria, Turkey

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The Wall Street Journal covers Russia’s response to Turkey’s shoot-down of a Russian military jet. Russia has reacted with fury to the incident and vowed to retaliate by clamping down on trade and business ties. … Turkish President … Erdogan dismissed Mr. Putin’s demands that Ankara apologize or offer compensation …. Turkey has provided evidence that it gave repeated warnings […]

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Interfax: Russian authorities know how to take inflation under control, to reach plan by yearend – Shuvalov

October 21, 2015 JRL Russia List Economy, Business, Investment, Trade

Igor Shuvalov file photo

MOSCOW. Oct 21 (Interfax) – The Russian authorities know how to take inflation under control; by the end of 2015 it will reach planned levels, Russian First Deputy Prime Minister Igor Shuvalov said at the State Duma on Wednesday. “I can say that in terms of growth rates and inflation – which concerned us most of all within the macro […]

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NEWSLINK New York Times: Inflation Robs Russians of Buying Power

August 19, 2015 JRL Russia List Economy, Business, Investment, Trade, Newslinks

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Fractures Form Inside Russia’s Central Bank as Recession Deepens

August 13, 2015 JRL Russia List Economy, Business, Investment, Trade, Politics, Government, Protests, Elections, Sanctions

Elvira Nabiullina file photo

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Ilya Arkhipov – August 12, 2015) In his first stint as a top Russian central bank official in the early 1990s, Dmitry Tulin saw how flooding cheap credit to dying industrial giants delivered hyperinflation instead of growth. Now back as the bank’s monetary chief, Tulin, 59, has argued internally for easier credit and more […]

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Russian Food Prices Stabilize After Months of Racing Inflation

August 3, 2015 JRL Russia List Agriculture, Economy, Business, Investment, Trade, Sanctions

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(Moscow Times – themoscowtimes.com – Anastasia Bazenkova – August 3, 2015) After a year of skyrocketing food prices that have forced many Russians to spend less on what they eat, the cost of many categories of food has finally begun to stabilize or fall, official data show. Food price inflation has been one of the harshest consequences for ordinary Russians […]

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Russia most likely to have 10.5% inflation for year – Ulyukayev

July 7, 2015 JRL Russia List Economy, Business, Investment, Trade

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MOSCOW. July 7 (Interfax) – Russia is must likely to have 10.5% inflation for this year, Economic Development Minister Alexei Ulyukayev said. “Our official forecast is 11.9%. We won’t be changing it before we submit our adjusted forecast to the government. Officially it will remain such until September. But right now we see the most likely dynamic as falling to […]

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Interfax: Peak of inflation has passed, but risks remain – Nabiullina

June 8, 2015 JRL Russia List Economy, Business, Investment, Trade

Elvira Nabiullina file photo

MOSCOW. June 8 (Interfax) – The Central Bank of Russia is expecting a reduction of inflation and noted that its peak has already passed, although risks exist for it, Central Bank Governor Elvira Nabiullina said. “Weekly inflation has remained at 0.1% for six weeks already. According to our estimate, we have passed the peak of inflation, we are forecasting its […]

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Russians Hope Worst is Over as Inflation Slows in May

June 5, 2015 JRL Russia List Economy, Business, Investment, Trade

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(Moscow Times – themoscowtimes.com – June 5, 2015) Russian inflation slowed in May for the second month and the price of key foodstuffs began to fall, official data showed, signaling that the worst of a painful inflation spike may have passed. Consumer prices were 15.8 percent higher in May than in the same month a year earlier, down from the […]

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NEWSLINK Wall Street Journal: Russia’s Beloved Borscht Reveals Reality of Inflation. Retired Siberian journalist tracks ingredients to document the country’s soaring food prices

April 30, 2015 JRL Russia List Agriculture, Economy, Business, Investment, Trade, Newslinks

Red Cabbage and Green Cabbages, adapted from image at pnnl.org

Russia had its most severe year-over-year monthly inflation in 13 years in March, the result of a plunge in crude oil prices, a devalued ruble and the Kremlin’s ban on an array of Western food imports imposed in retaliation for sanctions over Ukraine. Overall, inflation climbed to 16.9% compared with a year earlier, according to the state statistics service, pinching […]

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Russian Cabbage Prices Triple as Much-Loved Staple Falls Victim to Inflation

April 27, 2015 JRL Russia List Agriculture, Economy, Business, Investment, Trade, Sanctions

Red Cabbage and Green Cabbages, adapted from image at pnnl.org

(Moscow Times – themoscowtimes.com – Howard Amos – April 27, 2015) The cost of a cabbage in Russia has almost tripled in less than six months. The Russian staple – and a key ingredient in traditional dishes such as the famous shchi soup – leads the field among foods suffering from inflation because of huge ruble devaluation in 2014 and […]

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Ruble Rebound Slows Russia’s Rampant Food Price Inflation

April 21, 2015 JRL Russia List Economy, Business, Investment, Trade

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(Moscow Times – themoscowtimes.com – Delphine d’Amora – April 21, 2015) The ruble’s rapid recovery in recent weeks has seen prices on some foods fall, easing months of spiraling inflation and softening one of the most widely felt blows of Russia’s economic crisis. All major retailers contacted by The Moscow Times last week said that the ruble’s rebound of some […]

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Moody’s: Russian inflation to peak at 17%-18% in Q2 2015, drop below 10% by mid-2016

April 15, 2015 JRL Russia List Economy, Business, Investment, Trade

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MOSCOW. April 15 (Interfax) – Moody’s Investors Service expects Russian inflation to peak at 17%-18% in the second quarter of 2015 and to drop below 10% by mid-2016 as the impact of the ruble’s depreciation fades, Moody’s said in a report on Russia’s banking sector in 2015. “Therefore Central Bank of Russia (CBR) is likely to loosen monetary policy on […]

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Russian inflation slows to 1.2% in March, annual rises to 16.9% – Rosstat

April 6, 2015 JRL Russia List Economy, Business, Investment, Trade

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MOSCOW. April 6 (Interfax) – Inflation in Russia slowed to 1.2% in March from 2.2% in February, 3.9% in January and 2.6% in December, the Federal State Statistics Service (Rosstat) said. This was slightly above the 1.1% that analysts predicted in a consensus forecast for Interfax. It was also higher than the 1% that Rosstat itself estimated, although that was […]

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82% of Russians See Steep Prices Rises as Nation’s Biggest Problem – Poll

March 17, 2015 JRL Russia List Economy, Business, Investment, Trade

File Photo of Older Russian Woman Shopping in Grocery Store

(Moscow Times – themoscowtimes.com – March 17, 2015) Inflation is the biggest concern for Russians with 82 percent of the population picking it as the most pressing issue facing the country, according to a poll published by the independent Levada Center on Monday. The figure is up from 71 percent in August, and from 69 percent this time last year. […]

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Russians facing soaring prices as inflation surges into double digits

February 11, 2015 JRL Russia List Economy, Business, Investment, Trade

File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – Alexei Lossan – February 11, 2015) Russia’s consumer price inflation hit 15 percent in annual terms in January, the highest rate since February 1999, on the back of the sharp decline in oil prices last fall and the consequent collapse of the Russian ruble in December. Future fluctuations in the inflation rate are […]

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Putin Said to Stun Advisers by Backing Corruption Crackdown

November 19, 2014 JRL Russia List Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade, Politics, Government, Protests, Elections

Cropped File Photo of Two Men in Business Suits Shaking Hands and Passing Cash

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Irina Reznik- November 19, 2014) Vladimir Putin sat motionless as the minister, seizing on the Russian leader’s first major meeting with his economic team in months, itemized the challenges. A recession is imminent, inflation is getting out of hand and the ruble and oil are in freefall, Economy Minister Alexei Ulyukayev told Putin, according […]

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Ruble’s Fall and Food Import Bans Send Inflation Ever Higher

October 6, 2014 JRL Russia List Economy, Business, Investment, Trade

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(Moscow Times – themoscowtimes.com – October 6, 2014) Year-on-year inflation hit 8 percent in September, driven up by the plummeting value of the ruble and Russia’s bans on many food imports from the United States and European Union, according to data from state statistics service, Rosstat. Rising food prices were the main driver, climbing 11.4 percent year-on-year in September, up […]

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Russia Beyond the Headlines: Russia to continue on economic course despite restrictions, says Putin

October 6, 2014 JRL Russia List Economy, Business, Investment, Trade

File Photo of Cash, Coins, Line Graph

(Russia Beyond the Headlines – rbth.ru – Alexei Lossan, RBTH – October 3, 2014) Speaking at the Russia Calling Investment Forum, Russian President Vladimir Putin discussed the main direction in the development of Russia’s economy. Analysts believe that Russia’s main challenge will be keeping inflation under control – inflation that was partly brought about by the ban on food imports […]

Leave a comment Economy, Inflation, Putin, Russia, Russian News

Fewer Russians Worry About Inflation Despite Predictions of Higher Food Prices

August 13, 2014 JRL Russia List Economy, Business, Investment, Trade, Ukraine

File Photo of U.S. Dairy Cows

(Moscow Times – themoscowtimes.com – August 13, 2014) Fewer Russians are concerned about inflation than they were a month ago, a new poll published Tuesday showed, even as analysts warned recession was inevitable and that a ban on many foreign food items would push up prices for consumers. The state-run Russian Public Opinion Research Center found that between June and […]

Leave a comment Agriculture, Economy, Embargo, EU, Food, Inflation, Russia, Russian News, Sanctions, U.S.-Russian Relations, Ukraine

NEWSLINK: Russia holds rate, warns of rises if inflation accelerates

February 16, 2014 JRL Russia List Economy, Business, Investment, Trade

File Photo of Cash, Coins, Line Graph

[“Russia holds rate, warns of rises if inflation accelerates” – CentralBankNews.info – February 14, 2014 – http://www.centralbanknews.info/2014/02/russia-holds-rate-warns-of-rises-if.html] CentralBankNews.info covers Russia’s Central Bank and its decision to maintain its key policy rate at 5.50 per cent. The Central Bank cautions that it could raise rates if inflation exceeds the bank’s target, but asserts an expectation that inflation will be held in […]

Leave a comment Central Bank, Economy, Finance, Inflation, Investment, Ruble, Russia, Russian News

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