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Russia’s inflation rate so far this year reaches 9.5%
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2024-12-26 04:32 7,547
Golden Finance reported that the latest weekly data released by the Russian National Bureau of Statistics on Wednesday showed that Russia’s CPI rose by 0.33% in the week ending December 23, and the inflation rate this year has reached 9.5%. The data comes after Russia's central bank unexpectedly decided last week to keep its key interest rate unchanged at 21%. The regulator said recent tightening had created favorable conditions for lowering inflation to its 4% target. Andrei Gangan, head of the monetary policy department of the Bank of Russia, said that Russia's full-year inflation rate will be between 9.6% and 9.8%.
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