In Russia, price cuts go unnoticed

Banks Finansy04-06-2009 in Russia to lower prices go unnoticed growth of consumer prices in Russia by the end of the year will change their fall. Such an optimistic outlook of Bank of Russia caused a slowing of inflation data. However, from the Central Bank is now also depends very much: if the price increase is something and can stop, so it's relevant policies of the Central Bank, the expert said in an interview Bigness.ru. In any case, a country little has changed. Growth in consumer prices in Russia by the end of the year will change their fall. This forecast was voiced by the first deputy chairman of the Central Bank of Russia Alexei Ulyukayev. He drew attention to the fact that for the second consecutive month of price increases on average two times lower than in the past year. "Inflation in May is twice lower than in the past year, the cumulative inflation - 6,8%. There is a favorable chance of further decline - as soon as we can see and zero and negative values, "- said Ulyukaev. That is, in some months, it may be observed deflation. Recall that the deflation is often implied a negative inflation, or, in other words, the fall in prices. According to the Federal State Statistics Service, inflation in April and May amounted to 0,7%. Last year, the figure in both months was 1.4%. In general, the annual inflation (from month to month) shows a decline. If from April 2008 until April 2009 price increase was 13.3%, exceeding the official forecast of 13% in 2009, then in May it was reduced to 12,5%.