Russian diplomat calls to compare death tolls in Iraq under Hussein vs under US ruleRussian Politics & Diplomacy October 22, 21:00
US-led coalition delivers air strike on civilian procession in Iraq — Defense ministryWorld October 22, 18:45
Gazprom supplies to Europe reach record-breaking 590 mln cubic meters on FridayBusiness & Economy October 22, 18:24
Minsk protests against Ukraine's forced return to Kiev of Belavia planeWorld October 22, 14:05
Russian Foreign Ministry: Militants in Aleppo fail assistance delivery, civilians outflowsRussian Politics & Diplomacy October 22, 14:03
Kremlin: Syria’s breakup may become catastrophe for the regionRussian Politics & Diplomacy October 22, 14:00
Kremlin: Common language at Normandy Four talks is not oftenRussian Politics & Diplomacy October 22, 13:56
Kremlin: Extending humanitarian pause in Aleppo is Putin’s independent decisionRussian Politics & Diplomacy October 22, 13:50
Putin offered condolences to families of victims in Mi-8 crash in YamalSociety & Culture October 22, 11:20
MOSCOW, October 13. /TASS/. Russia’s Ministry of Economic Development does not expect inflation surge in December 2014 and does not plan to review its forecast of 7.5%, Deputy Minister of Economic Development Alexey Vedev told the State Duma on Monday.
“Despite the current bigger rate of price growth — about 8% — we are not changing our forecast and do not expect an inflation surge in December,” he said.
On Saturday, head of the Finance Ministry’s strategic planning department Maxim Oreshkin said the inflation in 2014 could be higher than forecasted, and even hit above 8%.
Deputy Minister of Economic Development Vedev explained growing prices by the sanctions. The ministry has changed the inflation forecast from 6% to 7.5% and “explains these 1.5% by consequences from the sanctions and the growing food prices,” Vedev said.
Next year, a certain inflation pressure will remain in the first quarter, he said, but the ministry forecasts the rate at 5.5% by the end of 2015.
Major drivers of the economic growth next year will be investments of state companies and natural monopolies, the deputy minister said. With those investments, the total capital investment will grow by 4%.
Another tendency of the coming year would be lower real income growth, the official said.