Russian retail sales fall deeper in September

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Russian retail sales fell deeper in September, official data from the state statistics service Rosstat showed on Wednesday.

According to Rosstat, Russian retail sales plunged 9.8% in September in year-on-year terms after an 8.8% fall in the previous month.

Taking a cautious approach on inflation, Russia's central bank held its key interest rate at 7.5% on Friday.

According to Rosstat, real disposable incomes extended their drop this year and fell 3.4% in the third quarter of 2022 in year-on-year terms, after an 8.9% rise in the same period of last year.