Russian econ official sees zero inflation in Aug, deflation in Sep

ZHUKOVSKY, Moscow Region, Aug 16 (PRIME) — Russias Economic Development Ministry expects consumer prices in Russia to show zero growth in August and even decline in September, Deputy Economic Development Minister Andrei Klepach told reporters Tuesday.

We expect (Russias) inflation at zero in August, while in September deflation may even take place, Klepach said.

In July, Russias consumer price inflation was registered at zero, while in June consumer prices in the country rose 0.2%, the Federal State Statistics Service said earlier.

Consumer price inflation in Russia was at 5% from January 1 through August 8, the service said on August 10.

According to the official forecast, the countrys 2011 inflation is projected at 6.5%7.5%. In early July, Deputy Economic Development Minister Andrei Klepach said Russias inflation is expected to be closer to the lower end of the official forecast for the year.

Meanwhile, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said in July he expected Russias consumer price inflation in 2011 to amount to 7.0%7.5%.


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