Analysts do not see signs of steady price slowdown — Bank of Russia

Business & Economy February 04, 20:40

Stable components are making increasingly greater contribution to high price growth rates, the experts said

MOSCOW, February 4. /TASS/. Signs of transition to a stable deceleration of price growth are not yet present, although one-off factors influence significantly price dynamics in early January, the Bank of Russia said in its trends bulletin.

"The price growth remained high in early January. Although one-off factors significantly influenced price dynamics, there are no signs of transition to sustainable slowdown of the rise in prices," analysts said.

Stable components are making increasingly greater contribution to high price growth rates, experts said. "The demand of factors on the demand side strengthened in fall months amid high consumer activity. This points to the need of maintaining tough monetary conditions for a long period of time to reduce inflation," they added.

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