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Rising fuel prices beginning to spread to prices of wide range of goods — Bank of Russia
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TASS
MOSCOW, July 24.
Rising fuel costs, according to high-frequency data, are beginning to spread to prices of a wide range of goods and services, Russian Central Bank Governor Elvira Nabiullina told a press conference following the regulator’s board meeting.
"According to high-frequency data, rising fuel prices are beginning to spread to prices of a wide range of goods and services," she said.
This predictably impacted inflation expectations, which rose significantly in July, Nabiullina noted, adding that gasoline is a key benchmark commodity, accounting for a substantial share of household recurring purchases and corporate costs.