Anton Siluanov and Maxim Crescente: Ekaterina Shtukina / RIA Novosti
The first Vice-Premier, Finance Minister Anton Siluanov and Minister of economic development Maxim Oreshkin argued at the forum VTB “Russia calling!” on the disadvantages of low inflation. It is reported owned by Grigory Berezkin, the Agency RBC.
So, according to Oreshkin, inflation of three percent, which is projected for the year, reduces aggregate demand and slows economic development. He stressed that all this would result in forgone income, lost profits and foregone revenues. “According to our estimates, a shortage of aggregate demand this year more than a trillion rubles,” — said the Minister.
First Deputy Prime Minister in response to this objection. According to Siluanov, low inflation is actually “gives more real income is not only population, but also businesses”. He also reiterated that real disposable income grow, which was not for several years.
At this Deputy head of the government agreed that low inflation is not always a positive effect on the economy in General, you need to go to the targets an inflation rate of four percent.
Real disposable incomes of Russians fell or showed near-zero growth in 2014. The negative trend was broken only in October 2019, when Rosstat published a report for the third quarter. According to the document, in the July-September growth in per capita income of Russians has reached 7.8 percent compared to the same period of 2018.
However, economists doubt the objectivity of this assessment, pointing out that the official statistics differ from other macroeconomic factors.
Video, photo All from Russia.