Russia inflation slows to 17.1% in May: Statistics agency

MOSCOW: Annual inflation in Russia slowed to 17.1 percent in May from a two-decade high of 17.8 percent in April, the state statistics agency said on Wednesday.

Nevertheless, food price inflation, a huge concern for Russians on low incomes, picked up to 21.5 percent year-on-year last month from 20.5 percent in April, Rosstat said in a statement.

Sugar prices have gone up by 61.4 percent, pasta by 29.2 percent, and fruit and vegetables by 26.3 percent, the data showed.