Inflation slows down in December
22 January 2024
News
Annual inflation edged down in December to 7.4% from 7.5% in November. Seasonally adjusted month-on-month price growth also slowed down. Both the trend element of the price growth and the contribution of one-off factors decreased. Despite the slow down, stable inflationary pressure remained high.
According to the Bank of Russia’s forecast, given the monetary policy stance, annual inflation will decline to
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
Preview photo: Stock-Asso / Shutterstock / Fotodom