Russia has triumphed over inflation — Bloomberg

In Russia, monthly price growth slowed significantly in June, which is a sign that the Central Bank's fight against inflation may be producing results. This is reported by Bloomberg.

"The annual inflation rate remains at 9%, but the current price increase is in line with the Central Bank's target of 4% after slowing compared to the previous month," the agency reports.

It is noted that the Central Bank of the Russian Federation may consider the possibility of further lowering the key rate. According to Deputy Chairman Alexei Zabotkin, we are talking about reducing the cost of borrowing by more than 100 basis points.

As reported by EADaily, the annual inflation rate in The United Kingdom reached 3.6% in June, exceeding economists' estimates, according to data published by the Office for National Statistics (ONS), as reported by CNBC.

Recall, inflation in the United States in June rose to 2.7%, which was the largest monthly increase since January. This is happening against the background of customs duties imposed by the administration of US President Donald Trump, according to a publication on the website Profit.Ro .