Russian Inflation Slows to Post-Soviet Record of 4.2% Last Month

Russia’s inflation decelerated in January to the slowest annual rate since the Soviet Union collapsed two decades ago as food costs declined and the government delayed increases in utility tariffs.

Inflation was 4.2 percent from a year earlier, down from 6.1 percent in December, the Federal Statistics Service in Moscow said in an e-mailed statement today. Prices rose 0.5 percent from a month earlier. Economists forecast rises of 4.3 percent and 0.6 percent, two surveys showed.

To contact the reporter on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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