Russian inflation drops below 3% ...News

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Russian inflation drops below 3%
The figure is lower than the government’s target for this year Annualized inflation in Russia has continued to slow, dropping to a rate of 2.82% for the week of April 11-17, according to data from the Ministry of Economic Development. The figure for the previous week reported by the central bank stood at 3.15% year-on-year. The ministry attributed the inflation drop to a slower growth rate in the costs of services, as well as cheaper airfares for domestic flights. The food sector saw a 0.08% price increase caused mainly by more expensive fruit and vegetables. Non-food items showed zero inflation for the second wee

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