Tag: Inflation

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

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

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

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

(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

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

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

Economy, Business, Investment, Trade
Diverse Paper Currency, Coins, Line Graph

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

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

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

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

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(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

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 […]

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Fewer Russians Worry About Inflation Despite Predictions of Higher Food Prices

Economy, Business, Investment, Trade, Ukraine, Russo-Ukrainian War
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 […]

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

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 […]

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Targeting Inflation: The Right Move for the Long Haul

Economy, Business, Investment, Trade
Elvira Nabiullina file photo

(Russia Beyond the Headlines – rbth.ru – Stanislav Savinov, special to RBTH – February 3, 2014) Stanislav Savinov is a macroeconomic analyst at UFS Investment Company in Moscow. New leadership has given the Russian Central Bank a fresh dynamism that was sorely lacking. The new head, Elvira Nabiullina, is shaking things up, in part by making inflation Enemy No. 1. […]

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Russia had 6.5% inflation in 2013, way above target – Rosstat

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

MOSCOW. Dec 31. (Interfax) – Russia had 6.5% inflation in 2013, the Federal State Statistics Service (Rosstat) said, quoting preliminary figures. December inflation decelerated to 0.5%, from 0.6% in November. Inflation for the year was below the 6.6% seen in 2012. Russia had 6.1% inflation in 2011 and 8.8% in 2010 and 2009. December inflation was in line with the […]

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Inflation, corruption catching up with public utilities on Russian top problems’ list – poll

Corruption, Law, Police, Courts, Crime, Economy, Business, Investment, Trade
Electrical Yard file photo

(Interfax – MOSCOW, July 11, 2013) Housing and public utilities remain the biggest concern for Russians (55%) although the problem’s acuteness has been alleviated in recent months, the Russian Public Opinion Study Center (VTsIOM) said. The second biggest problem is inflation (47%) and low living standards rank third (46%). Corruption and bureaucracy (44%) and healthcare problems (43%) follow. The other […]

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Russia Resists Calls to Cut as Inflation Concerns Grow

Economy, Business, Investment, Trade
File Photo of Cash, Coins, Line Graph

(Bloomberg – bloomberg.com – Scott Rose & Olga Tanas – February 12, 2013) Russia’s central bank refrained from easing borrowing costs after inflation surged to a 15-month high, warning of the threat of faster price growth and defying government calls for lower rates to support the slowing economy. Bank Rossii held the refinancing rate at 8.25 percent for a fifth […]

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