Rosstat reported a continuing decline in Russian pensions in real terms amid inflation. So, according to the materials of the statistics department, in February the decline rate was 0.1% in annual terms, every month it increased and by November reached 2.8%.
According to Rosstat, these data were obtained without taking into account the one-time payment to pensioners in the amount of 10 thousand rubles, which was made in September.
In nominal terms, the average pension in the country as of November amounted to 15 thousand 847 rubles, which is 5.3% higher than the average pension a year earlier.
Inflation had already reached 8.4% by the end of 2021. This is higher than the official forecast and the consensus forecast of analysts, who had expected prices to rise by an average of 8.1%. Thus, inflation this year will be a record in six years.
In December, consumer prices increased by 0.8%, and since the beginning of the year inflation has reached 8.39%, it follows from the preliminary estimate of Rosstat, excluding the last few days of the outgoing year. The rise in prices since the beginning of the year exceeded 8% for the first time; in eleven months it was 7.5%. The preliminary inflation rate in 2021 is the highest since 2015, when prices rose by 12.9%.
At the same time, inflation for the year exceeded the forecasts of both the Ministry of Economic Development and the Central Bank, which had expected 7.4-7.9%, as well as the estimates of independent economists.
As specified, most of all food products have risen in price, their cost increased by 10.6% in comparison with last December. The rise in prices for non-food products amounted to 8.6%. In the service sector, inflation was almost 5%.
Last week (from December 21 to December 27), almost all categories of products included in the consumer basket for calculating the consumer price index continued to rise, except for chicken meat, canned food for baby food, sweets and vodka, follows from a separate weekly publication of Rosstat on prices.
Recently, the chairman of the Bank of Russia Elvira Nabiullina said that the increase in inflation was the result of a pandemic and a global trend.
Source: Rosbalt
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