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Russian Inflation Dips Again as Risks Mount From Putin’s Call-Up

  • Price growth decelerates more than forecast, reaches below 13%
  • Mobilization is threat to prices if it leads to labor shortage
Updated on

Russian inflation decelerated to the lowest since President Vladimir Putin’s invasion of Ukraine, though risks are on the rise after the Kremlin’s call-up of reservists to fight in the war.

Data on Wednesday showed annual inflation slowed to 12.6% in October, a slightly larger decline than forecast by economists in a Bloomberg survey. It decelerated for a sixth month from a peak of almost 18% in April.