OREANDA-NEWS. September 28, 2009. Center for Macroeconomic Research prepared special report "Inflation in Russia: eight months results and 2009 year-end forecast", reported the press-centre of Sberbank.

The global trend of falling inflation has reached Russia. The factor analysis reveals, that when compared to 2008, current year shows lower rate of consumer price inflation resulting from abating inflationary expectations, lower rate of inflation on the global scale and lower broad money growth at the end of 2008 - beginning of 2009.

Model inflation forecast made by the Center for Macroeconomic Research shows about 11% in 2009, whereas the actual inflation could be even lower. Provided the rouble exchange rate and oil prices remain stable, there should be an increased demand for money in Russia contributing to a moderate CPI growth, the trend which will be supported by a low level of aggregate demand.

Full Report see here:
http://www.sbrf.ru/common/img/uploaded/files/pdf/press_center/eng_sep23_flash_inflation.pdf