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Russian March Inflation Exceeds Estimates as Controls Lifted

Russian consumer prices rose the most in a year in March as the government loosens the reins that brought the annual inflation rate to a record low.

Prices rose 0.6 percent in the month, exceeding the 0.5 percent median estimate in a Bloomberg survey of 15 economists. Inflation was unchanged in March at 3.7 percent from a year earlier, the slowest rate since the Soviet Union collapsed two decades ago, matching estimates in a separate survey.