Russia's weekly inflation edges up to 0.07%, official data shows
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FILE PHOTO: A customer shops for dairy products at a supermarket in Saint Petersburg, Russia June 28, 2024. REUTERS/Anton Vaganov/File Photo
MOSCOW (Reuters) -Russia's weekly inflation, a figure closely watched by the central bank, edged up to 0.07% after a 0.06% rise in the previous week, according to statistical data released on Wednesday.
The increase brought price growth to 3.27% since the start of the year.
The central bank, which forecasts inflation at 7.0-8.0% this year, kept its key interest rate on hold last month, saying that inflationary pressure was receding but remained high.
A Reuters poll of analysts showed in April that full-year inflation is expected to be in line with the forecast at 7.0% in 2025, compared to 6.8% predicted in last month's poll.
(Reporting by Darya Korsunskaya; writing by Gleb Bryanski; editing by Guy Faulconbridge)
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