Inflation in Russia eases in July amid stagnant demand

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body="

was inflation It has accelerated sharply after I started Russia what you call "special military operation" in Ukraine on February 24 that triggered sweeping Western sanctions and disrupted supply chains.

Data from the Federal Statistics Service (Rostat) showed annual inflation slowed in July to 15.10 percent from 15.90 percent in the previous month, while analysts polled by Archyde.com had expected a reading of 15.3 percent.

and targets Russian Central Bank Annual inflation level at 4 percent.

On a monthly basis, it decreased CPI 0.39 percent, after declining 0.35 percent in June, in contrast to a 7.61 percent jump in March, which was the largest month-on-month increase since January 1999.

The easing of inflationary pressures allowed the Central Bank to lower the rate Benefit The benchmark rose by 150 basis points to 8 percent in July.

He said he would consider the need for further cuts, given that the economic downturn is set to last longer than previously expected.

“>

was inflation It has accelerated sharply after I started Russia What you call a “special military operation” in Ukraine on February 24 that triggered sweeping Western sanctions and disrupted supply chains.

Data from the Federal Statistics Service (Rostat) showed annual inflation slowed in July to 15.10 percent from 15.90 percent in the previous month, while analysts polled by Archyde.com had expected a reading of 15.3 percent.

and targets Russian Central Bank Annual inflation level at 4 percent.

On a monthly basis, it decreased CPI 0.39 percent, after declining 0.35 percent in June, in contrast to a 7.61 percent jump in March, which was the largest month-on-month increase since January 1999.

The easing of inflationary pressures allowed the Central Bank to lower the rate Benefit The benchmark rose by 150 basis points to 8 percent in July.

He said he would consider the need for further cuts, given that the economic downturn is set to last longer than previously expected.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.