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Russian Inflation Heating Up as Prices Jump 10% in 3 Months

  • Prices gained 0.99% in week through April 1 after 1.16% before
  • Early indicators show consumer demand slips as war drags on
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Russian inflation remained high in the last week of March, with prices on foods and household products like soap and toilet paper jumping even as consumer demand was hit by sanctions imposed over the invasion of Ukraine. 

Consumer prices overall rose 0.99% in the seven days ending April 1, down slightly from 1.16% a week earlier, the Federal Statistics Service said Wednesday. Prices for sugar rose 5.1% on average in the week, while those for onions jumped by 8%.