September’s rate is lower than in some European nations, the president said Inflation in Russia has been slowing and dropped to 13.5% last week, President Putin said on Thursday at a meeting on economic issues, referring to the year-on-year rate of the consumer price index. Putin also spoke about inflation rates in Europe, that have been on the rise over the past few months. “By the way, in the Eurozone it is 10%, in the Federal Republic [Germany] - 10.9%, in the Netherlands - 17.1%, in Latvia - 22.4%, in Lithuania - 22.5%, in Estonia - 24.2%, I think,” Putin said as quoted by RIA Novosti, referring to official fi
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