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Russia's inflation at 13.3% in 2008 - statistics service

MOSCOW, December 31 (RIA Novosti) - Russian consumer prices grew 0.7% in December and 13.3% in 2008 as a whole, Russia's top statistics body said on Wednesday.

The State Statistics Service said inflation measured 1.1% in December 2007 and 11.9% for the whole of last year.

The Russian government initially predicted consumer price growth at 8.5% in 2008 but had to revise its forecast several times to bring it in line with the real situation. The government's last official inflation forecast for 2008 was approved at the level of 11.8%.

The outflow of individual bank deposits amid the financial crisis measured 0.2% in November. Overall, the value of retail bank deposits stood at 5,524 billion rubles ($190.5 billion) as of December 1 compared with 5,536 billion rubles ($190.9 billion) as of November 1, the State Statistics Service said.

Russia's Central Bank earlier predicted that retail deposit outflow could be 0.7% of the total deposit value in November.

Russia's Deposit Insurance Agency expects retail deposit inflow into banks to measure 5-6% in December.

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