The collapse of the ruble will leave the Russians without travel and cars

19 October 2018, 15:26 | Economy
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In the past two weeks, the ruble maintains a stable position and gradually becomes more expensive. However, this local success cannot cancel the rapid weakening of the Russian currency, which has occurred since the beginning of the year.. The consequences of this will be noticeable next year, and they will be extremely unpleasant for the overwhelming majority of Russians.. During Friday's trading on the Moscow Currency Exchange, the ruble rises again against the dollar and the euro. By one o'clock the US currency dropped in price by 12 kopecks, to 65.7 rubles. Euro fell by 13 kopecks, to 75.29 rubles. This is reported on the website of the trading platform.. The rising movement of the ruble contributes to the height of the tax period. Exporters are actively buying the national currency to pay the state. It helps and rising oil. However, in a global sense, the Russian economy is not so good.. The Bank of Russia stated that the weakening of the ruble this year had a “significant” effect on prices. Products, as well as non-food products and services, have risen in price significantly.. "In particular, in August-September the annual growth rates of prices for medical goods, furniture, electrical goods and other household appliances, as well as services of foreign tourism increased," the consumer price dynamics comment posted on the regulator's website says. Of the products according to October, white cabbage (more than 40% since the beginning of the year), carrots (24.7%), chickens (11.7%), granulated sugar (16.2%), pork (6, 7%), onions (5.6%) and a number of other positions. The price of air tickets in Russia and abroad grew by an average of 7%. The weakening of the ruble was a strong blow to the tourism industry, market participants recognize. According to experts, this year, the rise in the cost of products was influenced not only by sharp fluctuations in the exchange rate, but also by the rise in prices for fuel and fertilizers.. Consumer price growth for three quarters of 2018. amounted to 3.4%, reports "Newspaper. Ru ". Racing ruble quotes affect prices for the most diverse products. This is due to the fact that most of the goods or their components (appliances, furniture, electronics) are not produced in Russia, and the strengthening of the dollar increases the cost in rubles, said Pavel Sigal, First Vice-President of the Support of Russia. The situation is hopeless: for example, in a number of medical fields, in particular in oncology and surgery, there is nothing to replace foreign products, as there are no domestic analogues. Next year, prices will rise even faster: VAT growth from 18% to 20% will be added to the unstable ruble. Even "socially significant goods" are rising in price, analysts warn.

According to expert estimates, many products will rise in price by 7-8% next year, and actual inflation will exceed 5%. As a result, Russians will have to learn to save and live within their means.. Many will be forced to abandon foreign travel and buying new cars.. Popularity will enjoy second-hand and discounters.

Together with the expected increase in lending rates, many may have difficulty paying their debts to banks, and the mortgage market may shrink by 10-15%.




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