Inflation for the first month of 2016 rose by almost 2 per cent

Consumer price index for goods and services in January 2016 as compared with December 2015 increased by 1.9%, the National Statistics Committee informs.

Core inflation (the CPI excluding price changes for goods and services which are under impact of administrative and seasonal factors) in January 2016 as compared with December 2015 rose by 1.5%.

In January 2016 prices and tariffs for goods and services as compared with December 2015 for food on average increased by 1.5%, for non-food products – by 1.2%, for services – by 4%.

Let us note that the official inflation for 2016 is forecasted to be no more than 12%.

However, as the PM Andrei Kabiakou stated on February 9 at the Presidium of the Council of Ministers, the country's budget for 2016 was calculated based on an oil price of $50 per barrel. Fall of oil prices makes us prepare for the worst economic scenarios for the country, the Prime Minister said.