Russia inflation hits 16.9 percent in March

April 6, 2015 3:03 PM

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Russia's consumer price inflation hit 16.9 percent in March as the country heads for recession, the state statistics agency Rosstat said Monday.

While annual inflation has continued to rise to levels last seen in 2002, month-on-month inflation has slowed so far this year to 1.2 percent in March, down from 2.2 percent in February and 3.9 percent in January.

Also read: Russia approaching bottom of credit cycle- dep cbank governor

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