World

Russian inflation slows to 2.5pc y/y in Nov

Published December 5, 2017 Updated December 5, 2017 07:48pm

Russia's annual inflation rate has now reached its lowest level since the fall of Soviet Union and remains well below the central bank's target level of 4 percent.

Record-low inflation provides the central bank with room to cut its key lending rate from the current level of 8.25 percent at a board due on Dec. 15, analysts say.

The year-on-year increase came slightly below a Reuters poll of analysts who predicted annual inflation at 2.6 percent in November.

In monthly terms, November inflation was at 0.2 percent, unchanged from a month ago.

 

 

Copyright Reuters, 2017