Russian Inflation Slips to Lowest Since War Began on Ruble Surge

Russian inflation decelerated to the slowest since February, when the invasion of Ukraine prompted sanctions that disrupted imports and briefly caused shortages, as a deepening economic contraction and gains in the ruble choke off price growth.

Consumer prices rose an annual 15.9% in June, the least in four months and down from 17.1% in May, according to data published by the Federal Statistics Service Friday. The median estimate of 17 economists surveyed by Bloomberg was 16%.