Leanid Zaika: People Do not Buy Diamonds

Only zero consumer purchasing power restrains a price shock.

In October prices increased compared to September, zautra.by informs.

Miserable purchasing power of Belarusians restrains a sharp price increase, economist and the leader of the Strategy analytical center Leanid Zaika believes.

- If the government does not take any attempts to gain salaries of $500, we will remain in the same equilibrium state of traffic of goods and their values. The process of the average inflationary development will be observed on the entire customs space, he says.

At that, the expert notes, the National Bank has recently had "trembling knees"; it has still allowed an increase in the money supply, and the strategy was not as tough as it could be.

A drop in consumption influenced a small price increase.

- The population conduced price drop; it did not promote the demand inflation. It reasonably reacted to the current situation. For example, jewelry stores have goods in stock for about two years. This means that people do not buy diamonds and do not try to buy all sorts of stuff, Leanid Zaika says.