Russia’s inflation fall exceeds Central Bank target
Rosstat, Russia’s state statistical agency, is reporting that the annualised inflation rate in Russia has now fallen to 4.5%, with Russia recording increasingly frequently weeks of zero inflation during the winter months.
This is most unusual. Normally the inflation rate rises in Russia in the winter and falls in the summer. The fact that Russia is now regularly recording weeks of zero inflation even in winter shows that inflation in Russia is falling faster than anyone (myself included) expected.
