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Russian weekly inflation eases after rate cut | Reuters

Inflation decreased in April 2022 compared to March 2022. Sure the initial impact on the economy following the sanctions was strong with the Ruble taking a dive and inflation taking hold. Since then the Ruble has become stronger than before the sanctions and is set to become even stronger and inflation starting to decrease.

For us in the West, inflation is increasing.

For the Russkies the near term outlook is better eg the Ruble is forecast to become even stronger.

May 6 (Reuters) - Russia's weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days after the central bank cut interest rates.

The central bank lowered its key interest rate to 14% from 17% in a sharper-than-expected move last week and said it saw room to cut further this year, as it tries to juggle the twin tasks of managing a shrinking economy and soaring inflation

Inflation was 0.21% in the week to April 29, down from 0.25% a week earlier and well below the 2.22% hit in early March.