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Russian Inflation Slows Further After Halt in Rate Cuts

  • Price growth decelerates to 15.6%, in line with forecasts
  • Central bank forced to extend pause in easing for second month
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Russian inflation decelerated for a second month, remaining almost four times the central bank’s target as expectations of faster price growth continue to throttle monetary easing.

Consumer prices increased 15.6 percent from a year earlier in October after a 15.7 percent gain in September, the Federal Statistics Service said in a statement Thursday. That matched the median of 20 estimates in a Bloomberg survey. Prices increased 0.7 percent in the month.