Russian consumer prices rose 0.2% in April 18-24, data released by the Federal State Statistics Service show. The inflation rate came in at 0.1% a week earlier.
Prices have grown 0.4% since the beginning of April, and 1.4% YTD. Last April inflation ran at 0.4%, the Federal State Statistics Service noted.
The Bank of Russia's inflation target is 4% by end 2017. As of April 17, 2017 inflation slowed down to 4.1% y-o-y, CBR chairwoman Elvira Nabiullina said last week.
The annual pace of inflation would be 4.2% in April, Minister of Economic Development Maxim Oreshkin forecast. In its baseline scenario the Ministry of Economic Development expects inflation to moderate to 3.8% in 2017.
