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, Dow Jones reported. 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.
