Source Pravda.Ru

Analyst says deflation unlikely in September

Deflation is unlikely to be registered in the first month of this fall, Bank of Moscow analytical department head Kirill Tremasov told in an interview with RBC TV. The seasonal factor continues in September, however, it is less vivid than in August. Statistics shows that in September, inflation is some 0.4 to 0.6 percent. Prices should grow by 0.9 percent on average every month until the end of the year to meet the government's forecast of a 12-percent inflation in 2003, the expert thinks.

As reported earlier, the index of prices in August 2003 was 99.6 percent of the July 2003 result, according to the Russian State Statistics Committee. So, deflation in Russia amounted to 0.4 percent in August. The last time deflation was registered in Russia was in August and September 1997 (0.1 and 0.3 percent respectively).

Comments
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Ukraine owned the missile that shot down Flight MH17 Boeing
Ukraine owned the missile that shot down Flight MH17 Boeing
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Putin loses everything he has
Will USA strike Russian forces in Syria?
Putin loses everything he has
Putin loses everything he has
The new war front of the confrontation between Russia and Ukraine
The new war front of the confrontation between Russia and Ukraine
Russia blames Israel for Syria's move to shoot down Il-20 military aircraft above Mediterranean
Putin: Ilyushin shootdown is incidental
Yulia Samoilova, Russia’s disabled singer, migrates to Europe
How Russia can respond to Israel following Ilyushin Il20 shootdown
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
NATO's 5,000 warplanes ready to bomb Russia, Chinese media say
Israel's Netanyahu calls Putin, blames Syria for Il-20 crash
The new war front of the confrontation between Russia and Ukraine
How Russia can respond to Israel following Ilyushin Il20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown
Kremlin refuses to announce Russia's further steps against Israel over Il-20 shootdown