Inflation rate in February, 2016 had a stable tendency of decrease

As the official statistical data have shown, the inflation rate in February of current year with tendency of decrease has dropped by 0,9 percentage points in compare to the previous month and has reached 0,5 %. The given indicator from the beginning of year has made 1,9 %. The developed inflation for two months of current year has occurred at the expense of a rise in prices for food production of 2,1 %, non-food products of 1,1 % and paid services of 3,2 %.

The annual inflation rate (for last 12 months) in February of current year has made 6,3 % that in comparison with the similar period of last year is less for 0,5 %.

Major factors of decrease of inflation rate, especially in February of current year, were stabilization of internal exchange market situation and strengthening of national currency rate in relation to foreign currencies, which have influenced reduction of prices for such basic imported goods as flour, sugar sand, construction materials, oil products (gasoline and liquid gas) and etc.

At the same time, a growth of domestic production supply and basic consumer goods being on sale at the expense of state material reserves, also promoted a process of prices reduction. For two months of current year a dropping in prices for beef, mutton, rice, potatoes, carrots, milk, eggs and flour of the first grade, coal and gasoline is observed.

It is necessary to note that a stable tendency of inflation rate decrease is considered one of major factors of ensuring financial stability and economic and social situation soundness.

Press-service  
NBT