Siluanov told, how to change exchange rate impact on inflation

© RIA Novosti / Vladimir Fedorenkova in photobacteria Deputy Chairman of RF government – Minister of Finance of the Russian Federation Anton Siluanov. Archival photoSiluanov told, how to change exchange rate impact on inflation© RIA Novosti / Vladimir Fedorenkova the image Bank

Changes of the ruble that occurred in the current year, will have an insignificant impact on inflation in the next year, said first Vice Premier, Finance Minister Anton Siluanov.

According to him, the Finance Ministry predicts in 2019, the growth in the consumer price index 4.3%, and in subsequent years — 4%. «Of course, this is due to changes in tax legislation, due to the fact that we have changed the exchange rate in the current year. It will definitely have an impact on the dynamics of prices in 2019», — he told in interview to TV channel «Russia 24».

«But we can see that the deviation of the target indicator of 4% — it is of no consequence. Therefore, I think that in General our citizens will not feel this change,» — said the Minister.

Source