Russia Consumer Prices Rise 0.1% for Third Week in a Row
27 July 2016 - 2:15PM
Dow Jones News
By Andrey Ostroukh
MOSCOW--Russia's consumer prices rose 0.1% on the week to July
25, at the same pace for the third week in a row, data from the
Federal Statistics Service showed Wednesday.
Since the beginning of the year, consumer prices rose 4%
compared with 9.4% in the same period a year earlier.
Despite the absence of new inflationary risks, most analysts
expect the Bank of Russia to hold the key rate at 10.5% this
Friday. The key interest rate was last cut on June 10 to 10.5% from
11%, where it had been held for nearly a year.
Write to Andrey Ostroukh at andrey.ostroukh@wsj.com
(END) Dow Jones Newswires
July 27, 2016 09:00 ET (13:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.