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From January 1 — VAT increase. What will happen to prices — expert opinion

From January 1 — VAT increase. What will happen to prices — expert opinion

According to Belyaev, the tax increase was necessary because budget of the Russian Federation adopted for three years was reduced to a deficit — the rate of economic growth, although stable, is not yet as high as we would like. And this decision is expected to cause a rise in prices in the new year, the expert believes.

Prices are rising for vegetable oil, for butter, for buckwheat, for cars, for apartments, for air travel — you name it. We face this every day. And there is only one reason — the dictates of the sellersBelyaev is sure.

Moreover, according to him, sellers should also include manufacturers who also sell, only at a different level.

The expert emphasized that “value added tax is easily included legally in production costs, which are then transferred to the final prices,” but it is still difficult to say exactly what the final prices will be.

I think you can vouch for about 10%Belyaev believes.

According to the financial analyst, the Central Bank’s fight against inflation alone by pursuing a tight monetary policy will not help matters. An effective way is to rein in sellers, which the antimonopoly agency is capable of, he is convinced.

An important point: it is not the antimonopoly agency that limits prices, because this really leads to shortages, but the appetites of sellers to increase prices. Big difference. That is, they look at how much prices should objectively increase, and they are allowed to increase by this amount. But it’s not the case that, for example, feed and veterinary drugs have increased by 5-10%, and chicken eggs by 50%. This shouldn’t happenb,” the expert concluded.

source: RIA Novosti Crimea

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