Estonian PM on Russian threat

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Russian consumer prices decline for third week running

Russia’s consumer price index (CPI) fell 0.12% in the week to June 17, down for a third week in a row after a massive spike in March, providing the central bank with more room to cut rates to limit the economic downturn this year, data showed on Wednesday. So far this year, consumer prices in Russia rose 11.51%, data from the federal statistics service Rosstat showed. In a separate set of data, the economy ministry said annual consumer inflation slowed to 16.42% as of June 17, down from 16.69% a week earlier.