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

       May 13 (Reuters) - 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
    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 for a wide range of goods from food staples to cars on
expectations that prices will rise even more. The rouble has
recovered since and firmed to a near five-year high against the
euro on Friday.
    High inflation has been the key concern among households for
years as it dents living standards, a fall which this year will
be aggravated by a steep economic contraction.
    The central bank targets inflation at 4% but expects it to
reach 18-23% this year. But it has already cut its key rate to
14% after an emergency rate hike to 20% in late February and
said it saw room for more monetary easing to help the economy.

    Rosstat gave the following details:
     RUSSIAN CPI              April 22  March 22  April 21
     Mth/mth pct change       +1.56%    +7.61     +0.58%
     - food                   +2.87%    +6.73     +0.75%
     - non-food               +0.53%    +11.25    +0.66%
     - services               +1.07%    +3.99     +0.22%
     Y/Y pct change           +17.83%   +16.69    +5.53%
     Core CPI y/y pct change  +20.37%   +18.69    +5.47%

 (Reporting by Reuters)
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