August 23, 2017 / 1:01 PM / a year ago

Russian consumer prices steady in week to Aug 21

MOSCOW, Aug 23 (Reuters) - Consumer prices in Russia were unchanged in the week to Aug 21 after declining for three weeks in a row, data from the Federal Statistics Service showed on Wednesday, keeping the door for rate cuts open.

Since the beginning of the year, consumer prices have risen 2.2 percent compared with a 3.9 percent in the same period of 2016.

Falls in inflation, which already hovers near post-Soviet lows, are expected to provide the central bank with more room for monetary policy easing.

Targeting 2017 inflation at 4 percent, the central bank has kept its key rate at 9 percent. The next policy meeting, where it could consider cutting the rate, is scheduled for Sept. 15. (Reporting by Andrey Ostroukh and Zlata Garasyuta; editing by John Stonestreet)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below