MOSCOW, Aug 23 (Reuters) - Consumer prices in Russia were unchanged in the week to Aug 21 after declining for three weeks in a row, data from the Federal Statistics Service showed on Wednesday, keeping the door for rate cuts open.
Since the beginning of the year, consumer prices have risen 2.2 percent compared with a 3.9 percent in the same period of 2016.
Falls in inflation, which already hovers near post-Soviet lows, are expected to provide the central bank with more room for monetary policy easing.
Targeting 2017 inflation at 4 percent, the central bank has kept its key rate at 9 percent. The next policy meeting, where it could consider cutting the rate, is scheduled for Sept. 15. (Reporting by Andrey Ostroukh and Zlata Garasyuta; editing by John Stonestreet)