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10:37
RUSSIAN INFLATION AT 0.1% FROM JULY 21-27, 7.9% SINCE START OF 2009 – ROSSTAT

Moscow, July 29 (Interfax) - Russia posted inflation of 0.1% in the week from July 21 to 27, the Federal State Statistics Service (Rosstat) said on Wednesday.

Rosstat predicts inflation will total 0.6% in July 2009.

Consumer prices grew 7.9% from January 1 to July 27 compared to 9.3% in the same period of 2008. Inflation was 0.5% from July 1 to 27 compared to 0.5% in July 2008.

Among foods, egg prices grew 1.6% last week, while the cost of chicken, canned meats, granulated sugar and dry milk mixtures for baby food - 0.2%-0.4%.

The cost of millet, flour, sunflower oil and cheese fell by 0.2%-0.7% last week.

Fruit and vegetable prices fell by 0.8% on average in the period. Carrot prices fell 2.2% and potato prices declined 0.9%.

Gasoline prices grew 0.6% in Russia over the week, while diesel prices fell 0.6%.

The Economic Development Ministry's revised forecast is for inflation of 12%-12.5% in 2009. Analysts told Interfax in a consensus forecast at the end of June that they thought inflation this year will equal 12.1%.

Russia had 13.3% inflation in 2008, the highest yearly rate since the 15.1% recorded in 2002.

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