Litwin
Platinum Member
The civil war starts
Let’s hear from Telegram Russian’s living in the sub 5% #inflation dream, and their own words about inflation in Russia.———————————————————————————
Food for cats and dogs, as well as other pet products, have risen in price in Russia by an average of 30% per year, and a new price hike is expected in the fall, Izvestia writes. Prices for premium segment products jumped the most — up to 80%.The rise in price is explained by sanctions, as well as the presence of foreign components in the feed. The feed market in the Russian Federation is still occupied by 90% of foreign manufacturers, some of them have localized production in Russia.
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The Central Bank may raise the key rate to 15% by the end of the year (or next month). Today's increase to 12% may be only the first step towards curbing rising inflation, said Natalia Milchakova, a leading analyst at Freedom Finance Global.———————————————————————————
Mortgage rates in Russia may rise to 13-14% by the end of summer. At the same time, under preferential programs, the rate will approach the maximums set by the state, experts say. The last time the average mortgage rate was above 13% was in 2015.
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The Central Bank has very few tools: it can raise the rate, make the loan more expensive, but then it will cut the economy, economist Igor Lipsits believes. There is nothing more the Central Bank can do, including start selling foreign currency, because it does not have such reserves. “It is also unrealistic to demand that the government decide on a 100% return of foreign exchange earnings to Russia, because the President of Russia, to whom the Central Bank is subordinate, has just signed a decree according to which all exporters who supply under intergovernmental agreements have the right to 100 Leave % of foreign exchange earnings abroad,” the economist noted
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Medical universities in Russia have raised prices for paid education . The specialty "Medicine" at the Moscow State Medical University raised prices by up to 50%. The increase in prices at universities is explained by inflation in the country, the COVID-19 pandemic and the SVO. At the same time, the salaries of doctors are growing much more slowly than the cost of education.
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The collapse of the ruble will accelerate the rise in prices for foreign holidays for Russians. Now a trip abroad requires at least 160,000 rubles, according to the Association of Tour Operators of Russia. Most of all, prices will soar 70% for tours to Egypt, Turkey, the United Arab Emirates, Sri Lanka, India and Thailand.
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In Russia, the volume of unsold housing is growing rapidly. During the year, the figure increased by 18.5% and reached 70% of all housing under construction. Thus, as of July 1, only about 30% of new buildings have been sold.
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In Russia, the average cost of renting apartments has sharply increased over the past month. Renting one-room apartments rose in price by 4.7%, two-room apartments - by 7.3%. By mid-September, rental rates may rise by another 5-10%, equivalent to 95% over 12 months extrapolated.———————————————————————————
Mortgage rates have already been raised by 8 of the 13 largest banks in Russia, calculated in the Compare service. Among them are VTB, Gazprombank, Sovcombank, Rosbank, Raiffeisenbank. Interest increased by 0.5–1.0 percentage points, up to 12% per annum. Rates rose after the Central Bank raised the key rate to 8.5%, and will rise again with the latest key rate today.
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The fall of the ruble has caused a sharp rise in prices for new cars imported through parallel imports, Autonews found out. The rise in price of entry models for the month of July reached 18%, and +30% for imported vehicles
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Yes VOVKA , the inflation rate is 4.4% - now go back to your bed in the basement
Let’s hear from Telegram Russian’s living in the sub 5% #inflation dream, and their own words about inflation in Russia.———————————————————————————
Food for cats and dogs, as well as other pet products, have risen in price in Russia by an average of 30% per year, and a new price hike is expected in the fall, Izvestia writes. Prices for premium segment products jumped the most — up to 80%.The rise in price is explained by sanctions, as well as the presence of foreign components in the feed. The feed market in the Russian Federation is still occupied by 90% of foreign manufacturers, some of them have localized production in Russia.
———————————————————————————
The Central Bank may raise the key rate to 15% by the end of the year (or next month). Today's increase to 12% may be only the first step towards curbing rising inflation, said Natalia Milchakova, a leading analyst at Freedom Finance Global.———————————————————————————
Mortgage rates in Russia may rise to 13-14% by the end of summer. At the same time, under preferential programs, the rate will approach the maximums set by the state, experts say. The last time the average mortgage rate was above 13% was in 2015.
———————————————————————————
The Central Bank has very few tools: it can raise the rate, make the loan more expensive, but then it will cut the economy, economist Igor Lipsits believes. There is nothing more the Central Bank can do, including start selling foreign currency, because it does not have such reserves. “It is also unrealistic to demand that the government decide on a 100% return of foreign exchange earnings to Russia, because the President of Russia, to whom the Central Bank is subordinate, has just signed a decree according to which all exporters who supply under intergovernmental agreements have the right to 100 Leave % of foreign exchange earnings abroad,” the economist noted
———————————————————————————
Medical universities in Russia have raised prices for paid education . The specialty "Medicine" at the Moscow State Medical University raised prices by up to 50%. The increase in prices at universities is explained by inflation in the country, the COVID-19 pandemic and the SVO. At the same time, the salaries of doctors are growing much more slowly than the cost of education.
———————————————————————————
The collapse of the ruble will accelerate the rise in prices for foreign holidays for Russians. Now a trip abroad requires at least 160,000 rubles, according to the Association of Tour Operators of Russia. Most of all, prices will soar 70% for tours to Egypt, Turkey, the United Arab Emirates, Sri Lanka, India and Thailand.
———————————————————————————
In Russia, the volume of unsold housing is growing rapidly. During the year, the figure increased by 18.5% and reached 70% of all housing under construction. Thus, as of July 1, only about 30% of new buildings have been sold.
———————————————————————————
In Russia, the average cost of renting apartments has sharply increased over the past month. Renting one-room apartments rose in price by 4.7%, two-room apartments - by 7.3%. By mid-September, rental rates may rise by another 5-10%, equivalent to 95% over 12 months extrapolated.———————————————————————————
Mortgage rates have already been raised by 8 of the 13 largest banks in Russia, calculated in the Compare service. Among them are VTB, Gazprombank, Sovcombank, Rosbank, Raiffeisenbank. Interest increased by 0.5–1.0 percentage points, up to 12% per annum. Rates rose after the Central Bank raised the key rate to 8.5%, and will rise again with the latest key rate today.
———————————————————————————
The fall of the ruble has caused a sharp rise in prices for new cars imported through parallel imports, Autonews found out. The rise in price of entry models for the month of July reached 18%, and +30% for imported vehicles
———————————————————————————
Yes VOVKA , the inflation rate is 4.4% - now go back to your bed in the basement
