Russian inflation jumps to 17.83% in April, highest since early 2002

Consumer inflation in Russia accelerated in April to 17.83% in year-on-year terms, its highest level since January 2002, data showed on Friday, as it got a boost from the volatile rouble and unprecedented western sanctions that disrupted logistics chains.

But monthly inflation slowed to 1.56% in April from 7.61% in March when it staged the biggest month-on-month increase since January 1999, data from the federal statistics service Rosstat showed.

Inflation in Russia has accelerated sharply after Russia began what it calls "a special military operation" in Ukraine on Feb. 24.

The fall in the rouble to record lows in March boosted demand