Elvira told us about the importance of low inflation

© RIA Novosti / Evgeny to Betemporary in fotoreceptor the Bank of Russia Elvira Nabiullina. Archival photoElvira told us about the importance of low inflation© RIA Novosti / Evgeny to Betemporary the image Bank

The population of Russia with an inflation rate of 8% instead of 4% lost for the year more than 2 trillion rubles in revenues and nearly 1 trillion rubles in terms of savings, said the head of the CBR Elvira Nabiullina, speaking at a meeting of the faction of the Communist party.

«Another account of why low inflation is important, why, in your opinion, this should be taken seriously. We felt that if inflation is 4% be 8%, the loss of income of population of 2,164 trillion rubles, savings — 959 billion rubles», — explained Elvira.

«Inflation is a tax for people with low or fixed incomes. Most affected retirees, state employees. This is a significant part of our country», — explained the head of the Central Bank as the reason why the task of ensuring stable and low inflation is key for the Russian economy.

Nabiullina said that the stability is the basis for economic development. «Now that we have stabilized, the key task is to provide economic development to ensure economic growth,» she added.

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