29 March 2024, Friday, 11:53
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How High Are Prices To Rocket?

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How High Are Prices To Rocket?

The growth in money supply might threaten with a significant rise in prices.

Despite bloomy plans regarding the inflation, which, according to Minister of Economy Uladzimir Zinouski, can be kept within 5%, there are negative trends that could seriously impede their implementation. The National Bank data for the first half of the year indicate the growth in money supply, which, according to many economists, might threaten with a significant price increase, which the National Bank will not be able to stop.

Will the regulator manage to hold the situation and what will the inflation be by the end of the year?

The site of Your Country’s Tomorrow draws attention to the alarming figures of the second quarter, according to which the indicators of the active money supply increased significantly. There has become more extra money in circulation. The National Bank is trying to reduce emissions, but there are other factors that affect the situation.

The growth of inflation is not going to decrease, as the Minister of Economy predicts, but it is even more intensive.

If the nomenclature pressure increases further, then the inflation will reach more than 10%.

Experts do not trust official figures regarding the inflation, as it is impossible to objectively double-check every step when compiling this indicator. Statistics are often adjusted to what they want to hear at the top.

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