Economics
Russian Inflation Is Back to Pre-War Level as Worst Appears Over
- Weekly price growth slows to level last seen before invasion
- Bank of Russia says it sees more room for monetary easing
Shoppers at a supermarket in Moscow on April 6.
Photographer: Natalia Kolesnikova/AFP/Getty ImagesThis article is for subscribers only.
Russian weekly inflation slowed to a level last seen before the invasion of Ukraine in February, a turnaround helped by a stronger ruble and the end of panic buying that caused some snap shortages.
Price growth was just 0.2% in the seven days ended April 15, slowing for the sixth week in a row and now at less than a 10th the pace in early March, the Federal Statistics Service said Wednesday.