Too early to say inflation is under control - News.MN

Too early to say inflation is under control

Old News! Published on: 2010.08.23

Too early to say inflation is under control

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R.Sarantsetseg, Chairman of Currency Policy Sector of Currency
Policy and Research Board, has said it is too early to say that the recent drop
in inflation will continue for the rest of the year. Many factors have to be
kept in mind and some of these are yet to be clear.

Much will depend, she
said,  on the harvest, particularly as
the projected yield might be affected by bad weather.  The impact of the 30% rise in State workers’’
salary in October cannot be judged now. Two other factors are the rise in
students’ tuition costs, and the Russian ban on wheat export.



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