Weaker rouble an inflation risk after gradual Q1 price increase -Russian c.bank

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 17 (Reuters) - Russia saw a gradual increase in consumer prices in the first quarter of 2023, the central bank said in a report on Monday, with inflationary pressure set to continue in the coming months, in part from the weaker rouble.


The Russian currency's months-long slide has accelerated in April and it has weakened to a one-year low at 83.50 to the dollar, owing in part to exports falling in value terms and imports recovering quite quickly.
(Reporting by Elena Fabrichnaya and Alexander Marrow; Editing by Kevin Liffey)

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