june 8 reuters  consumer inflation in russia slowed to 1710 in yearonyear terms in may from 1783 in april which was its highest level since january 2002 data showed on wednesday days before the central banks ratesetting meeting the central bank is expected to cut its key interest rate by 100 basis points to 10 on friday as it tries to make lending more affordable amid sluggish consumer demand and a pause in inflation a reuters poll suggested read more monthly inflation slowed to 012 from 156 in april data from the federal statistics service rosstat showed in march monthly inflation jumped to 761 its biggest monthonmonth increase since january 1999 following russias move to send tends of thousands of troops into ukraine on feb 24 rosstat data also showed that on a weekly basis consumer prices declined 001 in the week to june 3 after staying flat in the previous week read more stable inflation although temporary allows the central bank to ease its monetary policy analysts at raiffeisen bank said in a note 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