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Russian inflation accelerates to 9.05% as rouble slips -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A Russian customer gives Russian rouble coins and banknotes to a vendor in Omsk on February 18, 2022. REUTERS/Alexey Malgavko

MOSCOW (Reuters – Russia’s annual consumer inflation rose to 9.05% in February from 8.84% a fortnight earlier. This is a significant increase on the official target of 4%.

According to Rosstat data, weekly inflation increased by 0.45% from 0.24% the week before.

After the record-breaking fall in the ruble following Russia’s invasion, the West imposed severe economic and financial sanctions on Ukraine.

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