Russian inflation keeps tumbling

pulse

April 5, 2017 3:11 PM

Russia's inflation rate keeps dropping.

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Russia's inflation rate keeps tumbling.

Consumer prices rose by 4.3% year-over-year in March, in line with expectations, and below the prior month's reading of 4.6%.

This is the lowest rate since June 2012.

In month-over-month terms, inflation rose by just 0.1%, shy of the 0.2% forecast.

"All in all, today's data support our view that headline inflation is on course to reach the central bank's 4% target shortly," William Jackson, senior emerging markets economist at Capital Economics, wrote in a note. "We expect this to happen within the next few months, with the headline rate likely to dip below the target in the second half of the year."

"Against this backdrop, the central bank should be comfortable with continuing the easing cycle," he added.

At its March meeting, the Central Bank of Russia l

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