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(Bloomberg) A war launched by the Kremlin against Ukraine took the blame for driving up the global cost of everything from food to fuel, prompting international sanctions that also contributed to one of the biggest price shocks in modern Russian history. But a year on, and even as inflation continues to rage in many major economies, price growth in Russia has plunged near the level in Japan and well below those seen in the US and the Eurozone. On an annual basis, Russian inflation reached 3.5% in March from almost 11% in the previous month, according to data released on Wednesday. It’s now at a fifth of its peak last year and under the central bank’s 4% target for the first time since 2020. The stark contrast with much of the rest of the world has allowed Putin to score easy political points with his domestic audience, highlighting Russia’s resilience and claiming sanctions against his country backfired on those who imposed them. In televised remarks on Tuesday, Putin said infl

Dmitry polevoyAlexander isakovOlga belenkayaLocko bankBloomberg economics saysBusiness generalCurrency values