Russian Economy News: Economic Development: Annual inflation in Russia will amount to 6,7-7% in August

Wednesday, August 10, 2016

Economic Development: Annual inflation in Russia will amount to 6,7-7% in August – RIA Novosti

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19:50 10.08.2016

(updated: 19:54 10.08.2016 )

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MOSCOW, August 10 – RIA Novosti Inflation in Russia in August. on an annualized basis will be 6,7-7% in monthly terms possible deflation of 0.2%, RIA Novosti reported the press service of the Ministry of Economic Development.

“According to our estimates, in August inflation was minus 0.2% – + 0.1% on a monthly basis, year by year – 6,7-7% “, – the ministry said.

According to the Ministry of Economic Development, annual inflation was 7.1% in the Russian Federation on August 8th. At the end of July this year, inflation in Russia in annual terms has slowed to 7.2% after June’s 7.5%, Rosstat said earlier.

Earlier Economic Development Minister Alexei Ulyukayev said that does not rule out deflation in the Russian Federation in August, and possibly in the first week of September.

week deflation in the Russian Federation for the period from 2 to 8 August was 0.1%, as in the previous week, with the beginning of the year prices rose by 3, 8%, said on Wednesday the Federal State Statistics Service.

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