Russian inflation at fastest in 13 years after rouble crisis

April 6, 2015 7:36 PM

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Russian inflation accelerated in March to the fastest on an annual basis since 2002 even as slowing weekly readings may allow the central bank to cut borrowing costs further.

Consumer prices rose 16.9 per cent from a year earlier, compared with 16.7 per cent in February, the Federal Statistics Service in Moscow said in a statement. The median estimate of 20 economists was 16.8 per cent, according to a Bloomberg survey. Prices gained 1.2 per cent in the month.

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