“In annual terms, the price growth rate continued to decline and, as of May 27, amounted to 17.35% year-on-year (as of May 20: 17.51% year-on-year),” follows from the text of the document.

On Thursday, May 26, the Board of Directors of the Central Bank decided to reduce the key rate from 14 to 11% per annum.

As explained in the Central Bank, inflation in Russia is slowing down faster than predicted. 

More details in the material RT.