The HSE estimated weekly inflation at 0.08% as "at the lower end of a high". In annual terms it is 6.5%, 1.5 times higher than the plans of the central bank. The main reason for the price increase is the increase in production costs. Georgy Ostkovich, the scientific director of the Center for Market Research at the Higher School of Economics, spoke about this on the "Moscow Speaks" radio station. 0.08% is not that low inflation: it is at the lower end of high inflation. We have 52 weeks: multiply by 0.08 and get an annual percentage - that's about 6.5%. And our central bank is moving towards a target of 4%, which means that this is inflation 1.5 times higher than what the central bank is planning. Moreover, it is at an increasing level compared to previous percentages. what is the reason Entrepreneurs raise prices. They don't raise them from the ceiling: their costs for logistics and wages go up. We have low unemployment and a shortage of people, so they want to increase wages and equipment costs. They are not some kind of enemies of the people: they raise prices to increase their profitability, so such a cause and effect relationship is normal. The main thing is to keep inflation in the 7% range.

The HSE estimated weekly inflation at 0.08% as "at the lower end of a high". In annual terms it is 6.5%, 1.5 times higher than the plans of the central bank. The main reason for the price increase is the increase in production costs. Georgy Ostkovich, the scientific director of the Center for Market Research at the Higher School of Economics, spoke about this on the "Moscow Speaks" radio station. 0.08% is not that low inflation: it is at the lower end of high inflation. We have 52 weeks: multiply by 0.08 and get an annual percentage - that's about 6.5%. And our central bank is moving towards a target of 4%, which means that this is inflation 1.5 times higher than what the central bank is planning. Moreover, it is at an increasing level compared to previous percentages. what is the reason Entrepreneurs raise prices. They don't raise them from the ceiling: their costs for logistics and wages go up. We have low unemployment and a shortage of people, so they want to increase wages and equipment costs. They are not some kind of enemies of the people: they raise prices to increase their profitability, so such a cause and effect relationship is normal. The main thing is to keep inflation in the 7% range.