Russian March Inflation Unchanged at Post-Soviet Record of 3.7%

Russia’s inflation remained unchanged in March at the slowest annual rate since the Soviet Union collapsed two decades ago.

Consumer prices rose 3.7 percent from a year earlier and grew 0.6 percent in the month, the Federal Statistics Service in Moscow said in an e-mailed statement today. Economists estimated increases of 3.7 percent and 0.5 percent, two surveys showed.

Core inflation, which excludes volatile costs such as energy, was unchanged at 0.5 percent on a monthly basis, bringing the full-year increase to 1.4 percent, according to the statement.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

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

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