“Zero inflation for the second consecutive week is good news for the economy, and not, – explains the Director of the Center for market research HSE George Ostapkovich. – On the one hand, this situation allows the Central Bank to reduce the key rate, as inflation accelerates more slowly than foreseen in the forecast. But the lack of even a symbolic price growth shows a significant reduction in consumer demand. People have reduced their consumption and that low demand is keeping prices stable”.
While low inflation rates may not mean that annual inflation will be at the same level, the expert continues. Long-term practice shows that the largest increase in prices observed in the fall, the values of the same weekly index shows an increase in the 0.3-0.4%.
“According to conservative estimates, in the second quarter of this year incomes of the population decreased by 17 percent – continues George Ostapkovich. Respectively, for the same amount fell and the money supply. People not to stop buying, but reduced their claims, reduce unnecessary expenses. What we and shows no growth in the consumer price index for two weeks in a row”.
Traditionally, the most noticeable increase in prices happened in buckwheat. The national average for the week it rose 1.2%, and in Pskov and Magadan regions 7.1% and 6.3%, respectively. While in Yakutia and Perm region she fell by 1.5%.
for the Second consecutive week falling price of chicken and eggs. This time the bird itself became cheaper by 1,0% and eggs – by 1.4%. In most other categories included in the weekly price index, the fluctuations were minor.
the price of gasoline and diesel fuel at this time has changed again.
