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Inflation for the month of June was the lowest from the start of 2002
07.05.2002 14:44

Inflation for the month of June was the lowest from the start of 2002 According to State Committee of Statistic, Goskomstat, prices of this June turned up only by 0.5%.

This proves to be the lowest rate of growth for the prices since the start of the year.

Against this font, chargeable services went up 1.6%, non-edible consumption – up 1.1% but food was down 0.2% in the terms of prices only. Besides this, as Goskomstat head Sokolin points out, the food will get cheaper and afterwards. One can quote him thus:“Food’s share when calculating inflation is usually around 55%”. Altogether, Sokolin strongly prognoses a certain deflation for July-August period “ what may close to zero points in September”.

But different people hold different opinions. As “Vedomosti”, Russian newspaper took among a number of experts its survey, the paper found out that it is principally in a summer period that start to be of influence the increases of natural monopolies tariffs, and additions to budget workers wages as well as increases with money provision of the military.

News source: www.dp.ru
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