Prices in Moscow are growing faster than the whole country

Written by admin on February 13th, 2010

composite index of consumer prices for goods and services in Moscow in 2009 grew by 11,8%, in comparison with 2008. Thus, inflation in the capital turned out to be 3% higher than in the whole of Russia, said Mosgorstat.

In January-December 2009 compared to the same period in 2008 food prices in Moscow have risen in price by 11,8%, alcohol - by 9,3%, while the cost of non-food products rose by 8,9%. Paid services to the population went up by 15,5%.

In mid-December, the head of the Department of the consumer market and services, capital of Vladimir Malyshkov said that inflation in Moscow on the basis of the current year slightly exceed 8%. In 2008, inflation in Moscow amounted to 12,3%.

In 2009 inflation in Russia, according to the Federal Statistics Service, amounted to 8,8% in 2008, the figure was 13,3%. Food prices for all of last year grew by 6,1%. Non-food products in the same period went up by 9,7% and services - by 11,6%.

actively growing inflation beginning from the first days of the year. According to the Federal State Statistics Service, consumer price inflation in Russia for the first 11 days in 2010 amounted to 0,7%, while for the entire December 2009 - only 0,4%.

In large cities - Moscow, St. Petersburg and major regional centers - inflation is traditionally much higher than the national average. This is explained by differences in the goods and their value in the consumer basket of different cities, say experts interviewed BusinessFM.

"In major cities, consumption pattern is somewhat different: in the consumer basket consists of the same products by name, but slightly different price range - says chief economist Uralsib Vladimir Tikhomirov. - On the one hand, the consumption of large cities imported goods, including food, which occupies about 40% of the average consumer basket in Russia. "

In small towns of Russia, where much of the consumer basket consists of locally produced goods, there has been such a sharp reaction to exchange rate changes.

As forecasts for the current year, in the first half of Economic Development Ministry expects inflation within 6,5-7,5% in annual terms. International investment bank Goldman Sachs in the analytical report on main trends of world foreign exchange market in 2010 mentioned that inflation in Russia by mid-year is expected to reach 5% by the end of the year it will rise to 6%.

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