Inflation in Russia from January 29 to February 4 slowed down to 8.8% in annual terms. This is reported by TASS with reference to the report of the Ministry of Economic Development.
It is noted that food prices increased by 0.31%. The growth of prices for foreign tourism services also continued. Prices for non-food products increased by 0.16%.
Earlier it was reported that the profitability of non-state pension funds (NPF) and management companies (MC), which manage the funds of pension savings of citizens, in 2021 turned out to be below the inflation rate.
The decrease in profitability is associated with the acceleration of inflation and the fight against it by the Central Bank through an increase in the key rate. Bond market yields increased, which affected the value of NPF and MC bond portfolios.
The weighted average yield of the main NPFs was only 4.7% per annum, while inflation reached 8.4% last year. That is, not a single NPF managed to increase its profitability and beat last year's price increase. The yield range of the ten largest NPFs ranged from 1.8% to 7%.
bbabo.Net