04 September 2003 21:49
Russia reports seasonal price drop of 0.4% in August (Part 2)
MOSCOW. Sept 4 (Interfax) -Russia's consumer prices fell in August, by 0.4%.
Prices fell by an average daily 0.013%, the State Statistics Committee said.
Although prices have a tendency to fall in the summer months, the last time they did so in Russia was in August and
September 1997, by 0.1% and 0.3% respectively. Consumer prices actually grew, by 0.1%, in August last year.
Inflation was 8.3% in January-August 2003, compared with 9.9% in the first eight months of last year. [RU ASIA EUROPE
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