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The head of the Ministry of Economic Development said about the risk of rising inflation

The head of the Ministry of Economic Development said about the risk of rising inflation
Photo by: kremlin.ru

The head of the Ministry of Economic Development of the Russian Federation Maxim Reshetnikov announced the risks of exceeding the inflation forecast. In the baseline scenario of the ministry, the inflation rate is 5,8%, in the conservative one - 6%.

As the "Finmarket.ru"Reshetnikov said that consumer inflation was influenced by payments - 200 billion rubles in August and about 500 billion rubles in September.

“We see that there was a 10% surge in spending in September - this is an increase in turnover in the consumer market,” he said.

He also said that external economic factors also exert pressure on inflation. In August, the growth of world prices for vegetable oils and grains resumed. Reshetnikov said that the acceleration of world inflation continues. The minister named the harvest of the current year as another important factor.

“The Ministry of Agriculture says that the harvest is not bad, but the question of the timing of the receipt of this harvest on the markets is quite strong,” he said.

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