Russia may see deflation in August — Economy Ministry

Russian Ministry of Economic Development does not rule out deflation probability in August and maintains its annual inflation outlook for July within 7.2-7.4% range, representative of the Ministry told TASS on Wednesday.

Russian Ministry of Economic Development does not rule out deflation probability in August and maintains its annual inflation outlook for July within 7.2-7.4% range, representative of the Ministry told TASS on Wednesday.

"Such probability [of deflation in August - TASS] exists, the source said. The Ministry keeps its July inflation outlook unchanged, he added.

Russia's weekly inflation rate equaled 0.1% from July 19 to 25, the Federal State Statistics Service Rosstat said earlier on Wednesday. Consumer prices grew 0.6% from the beginning of July and 4% from the year beginning, Rosstat reports.

Inflation remained 7.2% on an annualized basis as of July 25. For comparison, inflation equaled 0.8% as of the end of July 2015 and 9.4% from 2015 year-beginning.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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