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Saturday, October 22, 2016

Nabiullina made a deflation in August-September

The Bank of Russia admits the possibility of deflation in Russia in late August and September, said the head of the regulator Elvira Nabiullina. According to her, this process will be due to seasonal factors, RT reports with reference to TASS. However, the overall Outlook on inflation, the Central Bank does not change, still expecting 5-6% growth in prices.

We will remind, for three weeks the inflation is kept at 0.1% after the zero index (31 may — 6 June). Deflation is the reverse process of inflation and is characterized by a decrease in the price index.

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