MOSCOW (Reuters) -Russia's consumer price index fell by 0.05% in the latest week, the state statistical agency said on Wednesday, marking a second consecutive week of deflation. The decrease brought
Russian consumer price index falls for second consecutive week
MOSCOW (Reuters) -Russia's consumer price index fell by 0.05% in the latest week, the state statistical agency said on Wednesday, marking a second consecutive week of deflation.
The decrease brought overall price growth this year to 4.51%, compared with 5.06% for the same period last year. Prices for fruits and vegetables fell by 4.1% during the week.
Last week, Russia recorded weekly deflation for the first time since September 2024.
On an annual basis, inflation slowed to 9.02%, down from 9.17%, in the previous week, the Economy Ministry said.
The central bank, which closely watches the weekly inflation gauge, cut its key rate by 200 basis points to 18% last week and lowered its 2025 inflation forecast to between 6% and 7% from between 7% and 8%.
(Reporting by Gleb BryanskiEditing by Mark Potter)
