Inflation in Russia in February 2006 has constituted 1,7% as against 1,2% in February, 2005, informed the Federal service of State statistics.
Rise of prices appeared considerably higher than the analytics expected (consensus-forecast was 1,2%), and than the forecast of Russian Economic Development and Trade Ministry (1,3-1,5 %).
High rate of inflation in February was caused, first of all, by serious price rise of provisions (for 3%), first of all it concerns price jump of salt (1,7 times), sugar (for 30,3%) and fruit and vegetable production (for 12,6%).
Thus, inflation in January and February 2006 constituted 4,1 %, which is actually a half of the planned by the Russian Federation rate of inflation for the whole year of 2006. In January and February 2005 price rise constituted 3,9%.
Official forecast of the Russian federation government of inflation rate for the current year constitutes 7-8,5%. Russian Economic Development and Trade Ministry plans price rise in the interval of 8-9%. Minister of Finance Alexsei Kudrin declared the risk of exceeding the planned interval last week.
Consensus-forecast on inflation constitutes 10,2%. In 2005 price rise constituted 10,9%.
sections: Economics, Region News regions: Central region |