World Economy

Russia MoM Eases

Russia MoM EasesRussia MoM Eases

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.