Russia: Inflation steadies in April
Inflation was unchanged at March’s 2.4% in April, a historically low level. Price pressures remain subdued and inflation lies far below the Central Bank’s target of 4.0%.
Annual average inflation declined from 3.1% in March to 3.0% in April, a historical low.
Panelists see inflation ending 2018 at 3.7%, which is unchanged from last month’s forecast. For 2019, participants expect inflation to end the year at 4.0%. ■