Russian Inflation Unexpectedly Slows in December
Russia’s annual rate of inflation unexpectedly slowed in December after ticking up continuously for seven months, official data showed Friday, in a boost for the Kremlin ahead of elections. Inflation had been predicted by economists to rise in December 2023 but instead edged down to 7.4% year-on-year, compared with 7.5% in November. Friday’s figure is…