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. Last Updated: 07/27/2016

Inflation Rise Predicted

MOSCOW -- Deputy Prime Minister Alexander Shokhin said Russian inflation would rise to 10 percent a month in August and September, Postfactum news agency said Tuesday. The State Statistics Committee has put June inflation at 4.8 percent, but Shokhin said it was six percent, still well below January's 22 percent rate. Shokhin did not say why he expected inflation to rise in August. Analysts had predicted higher inflation in the second half of the summer due to state subsidies to the agricultural sector and the July 1 introduction of new import taxe