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21 Mar, 14:16

Current price growth rates going down — Bank of Russia

The price growth slowdown affected "the segment of durable goods - motor vehicles, domestic appliances and furniture," Central Bank chief Elvira Nabiullina noted

MOSCOW, March 21. /TASS/. Current price growth rates in Russia are declining slowly from the year start, Central Bank chief Elvira Nabiullina said at the press conference after the Board meeting.

"Base inflation is close to ten percent, although it gears down. Current price growth rates gradually go down from the year start and while the rise in services and food prices is still high, the price growth slowed down to moderate values for non-foods," Nabiullina said.

The price growth slowdown affected "the segment of durable goods - motor vehicles, domestic appliances and furniture," she noted. Prices for these goods "are the most sensitive to the policy and the dynamics of the rate," the Central Bank chief added.