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Inflation: What It Is, Why It Is Dangerous, and How to Protect Your Money
... currency can purchase fewer goods and services than it could previously. This leads to a decrease in the purchasing power of the population. For instance, if a product cost 1000 rubles a year ago and today it costs 1100 rubles, there has been a 10% rise in prices, and the purchasing power of money has decreased by 10%. The inflation rate is typically calculated based on the Consumer Price Index (CPI), which reflects changes in the cost of a fixed "basket" of goods and services.
Inflation occurs ...
Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?
... ban on gasoline once again illustrates the absence of market regulation in fuel retail. This measure resembles psychotherapy; the cooling of prices at the stock exchange will be situational and short-lived. There is no motivation to lower or halt the rise in fuel prices. The objective boils down to controlled increases within the annual parameters set. By the end of the year, retail prices are expected to either align closely with or slightly exceed inflation levels (10-12%), he predicts.
According to energy expert ...
Economy: Experts Predict Gas Price Increase in Europe
... including the geopolitical situation, seasonal demand, and the actions of major suppliers. Experts provide forecasts for the near future and share their opinions on what consumers and companies can expect.
Read more: Economy: Experts Forecasted a Rise in Gas Prices in Europe.
Experts believe that gas prices in Europe will continue to rise. They shared this with Izvestia on December 13.
"On the European gas market, there is a seasonal rally: average gas prices at the largest hub in ...
Why the ban on gasoline exports did not stop the rise in gas station prices
... prices at filling stations rose an average of 6.7% since the start of the year. Moreover, premium gasoline grades like AI-98 and above saw a price increase of 10.7%, more than double the inflation rate.
Experts believe that by the end of the year, the rise in fuel prices at gas stations will align with inflation or stay close to it, as happened in 2023. Notably, while there was talk of a fuel crisis last autumn, the current situation is not being characterized as such. Furthermore, diesel prices, critical for farmers ...
Regulatory Costs: Can the Rise in Gasoline Prices Be Stopped? (FORBES)
... Russian petroleum exports, the increased gasoline exports amidst production cuts heighten the risk of shortages in the domestic market.
In spring and summer 2024, the Russian fuel market entered another phase of rapid price increases. The cumulative rise in gasoline prices over nine weeks, from May 7 to July 8, reached 2.5%, compared to just 0.8% from March 5 to May 6. Diesel fuel prices also accelerated, with growth rates increasing from 0.9% to 1.3%, according to Rosstat.
Unspoken Market Constraints
Oil companies ...