Elvira Nabiullina said that by the end of 2021inflation in Russia will be slightly more than 8%

Источник: tass.ru
Annual inflation in Russia by the end of 2021 will slightly exceed 8%, said Head of the Bank of Russia Elvira Nabiullina in an interview with the TV channel "Russia-1".
‘I think that by the end of the year we will have inflation of a little more than 8%. This is a lot, it is more than our goal of 4%,’ she said.

According to the head of the regulator, food has risen in price by 10.8%, and vegetables and fruits - by 19.4%. ‘Cars and building materials have become more expensive, but since September prices have not just slowed down, but started to decline. Prices for services were rising below the general rate of price growth,’ she noted.

In addition, Nabiullina said that the Bank of Russia is fixing a slight increase in mortgage rates, but the increase in loan rates will be lower than the increase in inflation and the key rate.

‘Some increase in mortgage rates is happening, of course. But I would like to note that the increase in loan rates will be less than, for example, the increase in inflation, less than the increase in the key rate,’ she said.

Speaking about the cost of housing, the head of the regulator gave a forecast that the growth of housing prices should seriously slow down. ‘We see that the supply of housing is growing now, and the growth of housing prices should seriously slow down,’ she explained.

Earlier, the head of the regulator noted that annual inflation by the end of December will be less than in November, but its steady slowdown will begin in early 2022. According to the current forecast of the Central Bank, inflation by the end of 2021 will be 7.4-7.9%.

According to the review of the Ministry of Economic Development of the Russian Federation "On the current price situation", inflation in Russia accelerated to 8.22% in annual terms from December 14 to December 20 against 8.11% a week earlier. The key rate of the Bank of Russia is currently at the level of 8.5%. This is the maximum since 2017.



20.05.2022
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