Russia Consumer Inflation Set to Slow Further in February
12 February 2016 - 07:57PM
Dow Jones News
By Andrey Ostroukh
MOSCOW--Consumer inflation in Russia is set to slow further in
February, the central bank said Friday.
Annual inflation is seen slowing to 8.3%-8.8% in February from
9.8% in January. Inflation has slowed to single-digit readings
thanks to base effect and falling consumer demand, the central bank
said.
On the flip side, risks to inflation remain in place due to high
inflationary expectations among households.
Despite slowing inflation, the central bank's key target, the
bank has warned it may hike interest rates to counter negative
implications from the ruble's oil-driven weakness.
Write to Andrey Ostroukh at andrey.ostroukh@wsj.com
(END) Dow Jones Newswires
February 12, 2016 03:42 ET (08:42 GMT)
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