Fantasies about inflation

Consumer prices rose from 6 to 12 July this year at 0.1%. This is evidenced by Rosstat. Moreover, these rates of inflation observed for eight consecutive weeks. Grew cost of sugar by 2,4%, buckwheat - by 2,2%, chicken - by 0,7%. But the eggs fell by 1,1%, rice, frozen fish, cheese, pasteurized milk drink - 0,2%. Recall that according to the Ministry of Economic Development (MED), inflation in Russia in June slowed to 0.4%. While in May the rate was at 0.5%. Since the beginning of the consumer price index rose by 4,4%. Officials hope that by the end of 2010 inflation will be no more than 6%. Cost of minimum food basket in Russia on average in late June was 2344.4 rubles. per month. Compared with the end of May, its price rose by 1.2% (YTD - by 9,5%). According to first deputy chairman of Bank of Russia Alexei Ulyukayev, by the end of 2010 the consumer price index could grow only 5.8%. Agrees with him and the Russian presidential aide Arkady Dvorkovich. At the same time he is convinced that in the next few years the inflation rate in Russia fell to 3-4%. One can hardly find a more or less independent expert who would agree with such predictions. According to Vladimir Osakovsky, chief economist at UniCredit bank, for the year, consumer prices will rise by 6.5%. Aleksei Balashov, principal analyst Binbanka believes that this figure will be at the level of 7,8%. As for the 3-4% - is fantastic. Social spending will remain high. Rates of state monopolies will inevitably rise. And innovation, modernization? All these costs will accelerate inflation. Therefore, to put funds on deposit with the percentage of below 6% is clearly not worth it.