Russia’s Head of the Ministry of Economic Development and
Trade has said that 2014 inflation could reach 9% largely due to the Rouble declining
35-40%.
He further estimates inflation will reach 10% by the first
quarter of 2015.
Meanwhile in Ukraine Oleg Ustenko from the Bleyzer Foundation said inflation for 2014 will exceed
20%.
He cites an outflow of foreign direct investments, decreasing of imports and exports and decreasing industrial production as the root causes.
He cites an outflow of foreign direct investments, decreasing of imports and exports and decreasing industrial production as the root causes.
If you told me those rates the other way around I would
have found it more believable.