The Magazine for Asian Investors
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.