SOCHI, Russia, Sept 2 (Reuters) - Russia is facing
three-six months of inflationary pressure from a fierce drought
that has slashed its harvest, the first deputy head of Russia's
central bank said on Thursday.
"The price shock will last three to six months, but it is
difficult to say what this means in figures," Aleksei Ulyukayev
Ulyukayev said inflationary pressure would ease in
September 2010 compared to August, when the pace of weekly
inflation doubled to 0.2 percent.
"It will be worse than September of last year, but my
feeling is that it could be less than 0.2 per week," he said.
He said the central bank had not changed its forecast on
interest rates since a statement made two weeks ago.
"We have a satisfactory rate level for the upcoming months.
It is unlikely to change," he said.
(Reporting by Oksana Kobzeva; writing by Melissa Akin;
editing by John Bowker)