[/ATTACH][BR] Annual inflation in Russia reached 14.53% on March 18, the highest rate since November 2015, up from 12.54% a week earlier, the Russian Economy Ministry said Wednesday, as the wounded ruble sent prices soaring amid unprecedented Western sanctions.
As Reuters reports, inflation accelerated sharply as the Russian currency hit an all-time low earlier in March and demand for a wide range of goods, from food staples to cars, rose sharply on expectations that their prices would rise further.
Weekly inflation in Russia fell slightly to 1.93% in the week to March 18 from 2.09% a week earlier, bringing year-to-date price growth to 7.67%, data from the Rosstat statistics agency showed on Wednesday.
(CNA)
CNA - Reuters
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