Rising fuel prices beginning to spread to prices of wide range of goods — Bank of Russia

Rising fuel prices beginning to spread to prices of wide range of goods — Bank of Russia This predictably impacted inflation expectations, which rose significantly in July, Governor Elvira Nabiullina notedMOSCOW, July 24. /TASS/. 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. 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