The easiest way to save on inflation is to open deposits at a high rate, said Pavel Sigal, the first vice president of Opora Rossii, in a conversation with socialbites.ca.
“Given the tendency of the ruble to strengthen, the best solution would be to deposit the money. Moreover, there is a state guarantee. You can clearly understand how much money you can get in a year,” the analyst said.
Segal is confident that inflation in 2024 will be within the limits seen by monetary authorities. He announced that Russia had completely overcome the effects of sanctions and turned eastward. The expert also added that domestic businesses started to develop in the country and accordingly, more people started doing business.
Another way to protect savings from inflation is to invest in Russian blue chips and mutual funds, Segal said. However, he emphasized that it is necessary to understand the risk profile very clearly.
“People who plan to earn income on the Russian stock exchange should understand that it is necessary to constantly monitor stocks and the economy and be interested in what is happening in investments,” Segal emphasized.
On the eve of the Ministry of Economic Development of the Russian Federation reported About inflation of the week.
Previously Russian President Vladimir Putin commented Inflation situation in the country.