Slovak unemployment dropped to 3.71% in April
47 minutes ago
Russian consumer inflation rose 0.4% month on month and 10.2% year on year in April 2025, according to the latest data by RosStat. (chart)
As followed by bne IntelliNews, inflation and the resulting high interest rates continue to be the principal (yet not the only) concern of Russian policy makers.
At the end of March inflation finally curbed below the Central Bank of Russia (CBR) guidance, but it remains far from the target 4% – trending above the double-digit level of 10%.
The CBR maintained the key interest rate at 21% in April, but inflation is expected to moderate in 2Q25, provided there are no external shocks.
bne IntelliNews already reported that inflation further retreated in the beginning of May toward single-digit readings.
In April, inflation deceleration was largely due to weaker service price growth, which has been moderating since the start of the year. Core inflation, which excludes volatile and regulated items, also slowed to 0.3% m/m and 9.2% y/y.
Renaissance Capital analysts continue to expect inflation to fall below 10% by the end of May. The stabilisation of price growth near the CBR target range, combined with weaker-than-expected GDP data for 1Q25, strengthens the case for the CBR to soften its policy stance at the June meeting, the analysts believe.
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Slovak unemployment dropped to 3.71% in April
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