Logo
  Thursday, July 2, 2020
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

Russia's economics minister said Wednesday that a rise in sugar prices and panic buying of salt had triggered higher inflation at the start of 2006
Russia's economics minister said Wednesday that a rise in sugar prices and panic buying of salt had triggered higher inflation at the start of 2006. "What distinguishes inflation indicators this year is an imbalance in price increases on different commodity and services markets," German Gref told a government session, pointing to a hike in prices for potatoes and sugar, and unusually brisk demand for salt. "Other parameters have been less dynamic this year," Gref said. He said the government would regulate natural monopoly tariffs and housing and utility services in a bid to curb inflation. He urged measures to lower prices for fuel and lubricants by boosting competition, including by open trade in oil products, and to increase domestic supply by lowering the fiscal burden on enterprises and encouraging the development of the oil industry. Gref said increasing the supply of food products and encouraging competition on the food market were other measures that would help curb inflation. He also urged measures to encourage savings and pursue a "conservative" monetary and budgetary policy, saying these would help reduce non-monetary inflation. Gref said the Economic Development and Trade Ministry would present additional measures to the government on April 17 for approval on April 27. "We plan to complete the plan that would include proposals made by ministries over the last week ... and present it by April 17 so that it could be discussed and approved at a government session on April 27 along with inflation figures for the first quarter," Gref said
Print Russia's economics minister said Wednesday that a rise in sugar prices and panic buying of salt had triggered higher inflation at the start of 2006 Bookmark Russia's economics minister said Wednesday that a rise in sugar prices and panic buying of salt had triggered higher inflation at the start of 2006

Related News   
FebMarch 2006Apr
MoTuWeThFrSaSu
272812345
6789101112
13141516171819
20212223242526
272829303112
3456789