Current consumer price growth in February remains unchanged month-on-month
25 March 2024
News
In February, the current inflation rate (seasonally adjusted) was considerably lower than in autumn but still above 4% in annualised terms. Annual inflation equalled 7.7%.
High domestic demand was the major proinflationary factor as its level significantly exceeds the capacities to ramp up the output of goods and services.
The Bank of Russia forecasts that, given the monetary policy pursued, annual inflation will lower to
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
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