5 Nov 2009 14:33

Central Bank forecasts Russia to have 0.2%-0.3% inflation in Nov; the same in Dec

LONDON. Nov 5 (Interfax) - The Central Bank of Russia expects inflation to total 0.2%-0.3% in November and approximately the same amount in December.

"It is clear that it [near-zero inflation] won't last forever. Inflation in November-December will be in the range 0.2%-0.3%, that is, in November. Inflation in December will not be dramatically different," Central Bank First Deputy Chairman Alexei Ulyukayev told journalists on Thursday.

The Federal State Statistics Service's (Rosstat) said that consumer prices in Russia in October have gone unchanged. Since the start of the year, inflation has reached 8.1%.

Inflation in August and September, according to Rosstat, was at zero, which meant a drop in the annual rate from 11.6% in August to 10.7% in September.

According to the official forecast of the Economic Development Ministry, inflation in Russia in 2009 will come to 11%-12. However, the last working forecast came to 10.5%-11%.