Trying to “calm” the mood within the country, Rosstat officially reported the annual inflation at 10.3 %. At the same time, the real “inflation for the poor” is 17 %.
According to Ukraine’s foreign intelligence service, further strengthening of the ruble is extremely unlikely due to geopolitical uncertainty and unstable nature of foreign economic balance. SVRA reported this Sunday, April 27th.
Thus, trying to “calm” the mood within the country, Rosstat officially reported to the annual inflation at 10.3 %. At the same time, the real “inflation for the poor” (the consumer price index of the main commodity) is 17 %.
“It is 1.7 times higher than the official indicators and doubts about the reliability of official statistics in the assessment of the socio -economic situation of the Russian Federation,” the message explained.
On April 25, the Central Bank of the Russian Federation decided to maintain the rate of accounting at the level of 21 %, indicating a continuation of the course for a tough financial policy. For its part, it reduces Russia’s investment activity, prevents GDP growth and increases business financial burden.
Due to the high overall price level (despite the so-called “decrease in inflationary pressure”), the regulator is forced to continue to maintain strict financial conditions to restore inflation at the level of target 4 % by 2026. The central bank predicts the average accounting rate to 2025 to 19.5-21.5 %.
“Further strengthening the ruble is quite unlikely due to the unstable character of foreign economic balance and geopolitical uncertainty,” the report added.
The SVRU foretold that under the conditions of high inflation, the continuation of Kremlin’s current policy would lead to a further collapse in the real population income and strengthen social intensification in the country.
Remember that Russian stock and foreign exchange markets have been strictly reduced to auction against the background of the news of suspension of negotiations at the end of the Russian Federation against Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.