MOSCOW, March 12, 2004 (RIA Novosti correspondent) - Judging by the price dynamics in March, inflation is expected to further slow down, the press service of the Economic Development and Trade Ministry reported on Friday.
"The situation in the first week of March is comparable to summer - the season of dropping prices," Deputy Minister of Economic Development Arkady Dvorkovich said.
In January-February, inflation amounted to 2.8% (in January - 1.8%, in February - 1%). In 2003, prices grew by 4.1% in the same months.
"Hence, 1.3% have been saved in two months," Mr. Dvorkovich summed up.
In his opinion, this gives ground to expect the inflation rate to remain within the projected 10% by the end of the year.
