Russia’s consumer price index falls for three weeks in a row

The Russian Federal Statistics Service (Rosstat) announced that the consumer price index (CPI) decreased by 0.12% last week.

The CPI fell for the third straight week, paving the way for Russia’s central bank to cut interest rates this year in a bid to slow an economic slowdown.

At the beginning of 2022, the CPI has increased by 11.51%.

The CPI rose 2.22% in early March after Russia sent troops to attack Ukraine on February 24.

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