The main problem of the Russian economy and residents of the country today is the growth of inflation, in 2022 it is necessary to ensure its return to the level of 4%. This was announced on December 7 by Russian President Vladimir Putin.
“The main problem today for both the economy and citizens is the rise in inflation. At the end of November, it amounted to 8.4%. In 2022, it is necessary to ensure the return of inflation to the target level of 4%, ”he said at a meeting on economic issues.
The head of state noted that the rise in prices is global in nature.
“Its main reasons are the extremely soft budgetary policies of a number of foreign countries with developed economies. Taking this into account, it is necessary to implement effective mechanisms to counteract inflation, and nevertheless, I ask you to focus on increasing the supply of goods and services in the domestic market, first of all, it concerns food products, ”the President emphasized.
According to Putin, the government is taking “vigorous measures” at the moment.
“I hope they will be as effective as they were able to do in some other areas in the previous time. I mean, among other things, that in 2022 the production and supply of meat, sugar, vegetables should significantly increase, ”he said.
A day earlier, Izvestia, having analyzed Rosstat data on average retail prices for October, found that the cost of the most popular New Year’s salads – Olivier and herring under a fur coat – had grown significantly over the year. Prices for potatoes increased by almost 80%, carrots and beets – by 41%, onions – by 33%, mayonnaise and eggs – by 28%, herring – by 11%. The minimum growth of 9% was observed in canned vegetables, peas, and boiled sausage.
Prior to that, on December 3, the Ministry of Economic Development told Izvestia that the main factors behind the rise in prices in recent months were the acceleration of world inflation and the limited supply of some goods on the domestic market. The ministry stressed that in order to curb inflation and saturate the market with the necessary products, the government is implementing a set of measures – subsidies, preferential loans, export quotas and duties. The Ministry of Economics believes that the dynamics of inflation in the medium term will primarily depend “on the scale of the influence of external factors, including the timing of the stabilization of energy prices in Europe, the cost of transportation, and the situation in key commodity markets.”
The day before, Kremlin spokesman Dmitry Peskov said that the president and the government are working to cushion the situation and prevent price spikes. According to Peskov, the issue of food prices is constantly on their agenda.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
