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September inflation 0.2% in Russia

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MOSCOW, October 2 (RIA Novosti) - Inflation was 0.2% in Russia in September, the Central Bank's first deputy chairman said Monday.

"According to our preliminary estimates, inflation was 0.2% in September," Alexei Ulyukayev said.

Ulyukayev said that in October 2006, the bank was expecting inflation to be considerably lower than in October 2005 (0.6%).

He also said the bank has not yet revised its official forecast for 2006 at 8.5%.

"We are still not changing our forecast, which is 8.5%. It is still a possibility," he said, adding that it would be possible if prices for housing and communal services and petroleum derivatives were not considerably raised.

According to official statistics, inflation in January-August was 7.1%.

Earlier, Ulyukayev said the Central Bank could slightly raise its inflation forecast for 2006.

"It's quite possible that in October, the forecast will be slightly revised. We might raise it to 9%, or another figure," he said then.

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