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Inflation in Russia reaches 0.1% in first half of September

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MOSCOW, September 14 (RIA Novosti) - The inflation rate in Russia has reached 0.1% in the first 12 days of September, the economic development and trade minister said Wednesday.

Inflation is now at 8.4%, German Gref told the lower house of parliament, the State Duma.

The minister said food prices decreased in September, but prices for oil derivatives rose 4%.

"If we manage to stabilize prices for oil derivatives, we will be able to have either 0% inflation or, at least, insignificant inflation," Gref said, noting that Russia experienced 0.1% deflation in August.

Gref expressed hope that the government would be able to keep the annual inflation rate at the planned level of 10%-11%.

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