By Andrey Ostroukh
MOSCOW--Russia's consumer price inflation slowed further in June
as food prices fell at the beginning of summer, data from the
federal statistics service showed Monday.
Compared with a year earlier, consumer prices were 15.3% higher
in June. In monthly terms, inflation slowed to 0.2% in June.
In May, consumer prices rose 15.8% from a year earlier and 0.4%
from the previous month.
Inflation in Russia accelerated to double-digit readings in 2014
following Moscow's ban on food imports from countries that had
imposed sanctions on Russia. A rapid depreciation in the ruble also
spurred inflation.
Now, as inflation gradually eases, the Bank of Russia is widely
expected to continue cutting interest rates at a moderate pace,
having already loosened monetary policy four times this year.
Write to Andrey Ostroukh at andrey.ostroukh@wsj.com