Analysts emphasize that inflationary factors – staff shortages, budget injections, rapid lending growth – will not disappear.
The latest inflation data before the meeting of the Russian Central Bank on the key rate confirmed that there is no talk of a slowdown in price growth. Specifically, for the week from October 15 to October 21, price growth was 0.2%, since the beginning of the year – 6.3%, and in annual terms – 8.4%. This was reported by The Moscow Times in connection with Rosstat.
Weekly price growth still corresponds to the trajectory of 7.5-8.5% by the end of the year.
“Armageddon with butter is growing, we will not be surprised if butter repeats the story of last year with eggs; price of 1%, and this is just the beginning; in 2025 they will increase the prices for Zhiguli car an abnormal increase in prices for market services as an indicator of stable inflation, “said analysts.
Over the week, butter prices rose by 1.6%, sour cream by 0.9%, and milk by 0.7%. Since the beginning of the year, prices for them have increased by 23.4%, 12% and 12.6%, respectively, and for potatoes – by 50% (2% in the previous week).
Raiffeisenbank analysts focused on the “unique persistence of inflation dynamics.” The main inflationary factors – staff shortages, budget injections, rapid credit growth and others – will not disappear, and within the framework of current trends we can only talk about rate stabilization of inflation.
Let’s remember that the growth of the Russian economy during the war passed its peak, and is now declining.
Source: korrespondent
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