The Ministry of Economic Development warned about the likelihood of deflation in August – RBC

Economic Development called probable deflation in the Russian economy in August. This “RIA Novosti” said the representative of the Ministry

Also, the probability of a general fall in the price level has confirmed the source TASS

“This probability (deflation in August -… RBC’s ) exists “, – said the spokesman, adding that the outlook for inflation in July is saved

July 27 Rosstat published weekly report on the assessment of the consumer price index, according to which in the period from 19 to 25 July inflation stood. 0.1%. According to the ministry, since early July, consumer prices in Russia increased by 0.6%, and YTD – 4%. In annual terms, inflation remained at 7,2%.

According to the head of the Central Bank Elvira Nabiullina, the deflationary threat in the Russian economy in the coming years “is unrealistic.” However, the head of the regulator admitted that after a few years the emergence of deflationary risks might, if the ruble strengthened or greatly slow down economic growth.

Earlier, July 25, Deputy Finance Minister of Russia Maxim Oreshkin said that may be a slight deflation in August . He also said that the Finance Ministry in August may return to the spending of the Reserve Fund to finance the budget deficit.

The basic forecast for 2016 inflation is considered to be 6.5%. Reviewing its plans in August and September. In mid-June, the Minister of Economic Development Alexei Ulyukayev said in an interview with RBC that inflation is “significantly below” 6% in 2016.