In the Central Bank "revealed" the secret of inflation

The more Russians think about inflation, the more manufacturers of opportunities to raise prices for goods and services. This was stated by the head of the Department of Research of the Central Bank, Alexander Morozov, his appeal was published on the official page of the Central Bank on YouTube.

“If our inflationary expectations are high, we believe that it is normal when prices are constantly being reviewed, this gives part of the manufacturers the opportunity to really often and strongerly increase prices for their products, not afraid that consumers will go to competitors. Therefore, low inflation expectations are the key to stabilizing prices in the economy, ”he said.

According to him, the Russians still perceive the increase in prices that occurred two years ago, like "yesterday." “Therefore, we believe that prices are still continuing the pace that were in 2015, in 2016, and not the pace that prices are rising now,” said Morozov.

In addition, citizens pay attention to the increase in prices of those goods that they use daily. “When the prices for these goods and services are rising, let’s say by 10%, we tend to believe that the prices of other goods that we consume are rising at this pace. In reality, prices for many goods and services are not rising or even decreasing, ”the representative of the Central Bank explained.

He emphasized that “each of us has its own consumer basket,” therefore inflation is different from the one that Rosstat speaks of. “Say, the price of my haircut has not changed for two years, and the prices for cleaning the curtains have not even decreased recently,” Morozov said.

Previously, inflation was explained in the Ministry of Economic Development. The department said that the defining factors are “dynamics of price prices” and the confederations of the football Cup. In addition, according to officials, the price of the ruble was led to the increase in prices. According to Rosstat, in June, inflation amounted to 4.4% compared to June last year.