Russia reports zero inflation in last week of December

30/12/200917:36

Consumer prices showed zero growth in the week of December 22 through 28, the Federal Statistics Service said Wednesday.

Rosstat said inflation in the preceding three weeks was 0.4% and 8.8% since the start of the year.

That compares favorably with last December's inflation of 0.7% and the annual 13.3%.

Furthermore, gasoline retail prices fell 0.5% in the last week of the month.

Earlier in the day, Prime Minister Vladimir Putin hailed "record low inflation" for the year.

MOSCOW, December 30 (RIA Novosti)


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