Russia's consumer inflation hikes to 3.2% in June

ANKARA

Russia's annual consumer inflation rate accelerated to 3.2% in June, according to official data released on Wednesday.

The figure was slightly lower than market estimates of 3.3%, and followed readings of 2.5% in May.

Food prices gained 0.2% year-on-year in June, shifting from a 1% decline in May.

On a monthly basis, consumer prices rose 0.4% in June, meeting market estimates.

The monthly inflation rate for May was 0.3%.