Prices are rising, inflation accelerates: in the Russian Federation again "fastened" economy - Roszmi
According to the report, the Central Bank of the country for the fourth time increases the key rate for the fourth time. Thus, the discount rate will be 15% per annum - this is a record level in the last one and a half years. According to the publication, the central bank of Russia held a key rate by which it regulated the cost of loans in the economy and profitability of investments in rubles, at 7. 5%.
But in July, the Bank of the Russian Federation increased its figure by 100 base points, in August there was an emergency meeting, which resulted in a key rate at once by 350 points. In September, another increase took place - 100 points, and finally in October - another 200 points. "The current inflationary pressure has increased significantly and is above the expectation of the Bank of Russia," the message said.
It is noted that such a sharp policy on the Economy of the Central Library has only been drowsy over the last ten years-in 2014, when the illegal annexation of Crimea occurred and the first sanctions on the Russian Federation appeared, and in 2022, when the Armed Forces began a full-scale invasion of Ukraine . The annual inflation as of October 23 rose to 6. 6%.
At the same time, as noted, in the third quarter the prices changed so quickly that in terms of recalculation per year increases inflation in 12. 1%. Inflationary processes are also assisted in the Kremlin as they "pour" budget money into the economy. Thus, in 2024, the government plans to increase budget expenditures to 35 trillion rubles (plus three trillions). Therefore, by December, inflation will be split up to 7-7. 5%.