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Putin: it is necessary to maintain a stable level of inflation in the adjustment to the VAT rise
Russian President Vladimir Putin pointed to the need to maintain the stability of the inflation rate in Russia, despite a temporary increase in its dynamics due to the increase in VAT to 20% from 2019. He stated this at a meeting with Chairman of the Central Bank Elvira Nabiullina.
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CB head reminded that the inflation target is 4%, noting that "inflation is a little less, a little more some time it was below 4% last year - slightly above the 4.3%".

"This year, due to temporary factors, due to one-off factors now around 5%, but we can see that the adjustment of prices to the VAT increase rather moderate. Of course, the full picture will see somewhere in April. However, we anticipate that by mid-year inflation in the quarter will match 4%", - she said in an interview with the head of state.

Putin in the answer has noticed that the authorities of the Russian Federation and came from the gradual adjustment of inflation to increase VAT, "discussing measures related to the implementation of plans for projects, when the decision on VAT".

"It was inevitable, we talked about this. It is only important, as I have in the message said that we kept the implementation of those plans to stabilize the situation, which you have spoken," added the head of state.

 

 

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Translated by service "Yandex.Translation"
Источники: Dairynews
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