Russian consumer prices dip again but inflation expectations rise

Published by
Reuters UK

By Andrey Ostroukh MOSCOW (Reuters) – Consumer prices in Russia declined for the seventh week running, as the rouble’s appreciation in the past few months and a drop in consumer demand slow the pace of price growth, although households’ expectations of future inflation increased. The consumer prices index (CPI) dipped 0.15% in the week to Aug. 22 after easing 0.13% a week earlier, the federal statistics service Rosstat said on Wednesday. Russians focus closely on inflation among economic trends as rising prices eat into living standards. Annual inflation reached 15.1% in July, far above the ce…

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