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Russian Inflation Unexpectedly Slows for First Time Since June

Russian inflation unexpectedly decelerated in September for the first time in three months as a recession chokes domestic demand.

Consumer-price growth slowed to 15.7 percent from a year earlier after a 15.8 percent gain in August, the Federal Statistics Service in Moscow said in a statement Monday. The median of 18 estimates in a Bloomberg survey was for 15.8 percent. Prices increased 0.6 percent in the month.