Russia's inflation is plunging
RIA Novosti/Reuters
Russian inflation decelerated sharply in March.
The headline CPI dropped to 7.3% year-over-year in March from 8.1% YoY in February, according to the Federal Statistics Service in Moscow.
This number was below consensus expectations of 7.5% YoY.
Additionally, prices increased 0.5% from the previous month, below expectations of 0.6%.
Data under the hood showed that inflation dropped in each major price category.
Food inflation stood out in particular... Читать дальше...