Consumer price growth remains high
23 December 2024
News
Seasonally adjusted (SA) price growth sped up in November, largely driven by changes in prices for fruit and vegetables and mobile communication services. However, most measures of underlying inflation remained high.
The significant tightness of monetary policy that has been achieved creates the conditions for resuming disinflation processes and returning the inflation to the target, despite the elevated current price growth and high domestic demand.
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
From December 2024, the Bank of Russia starts to regularly publish the assessment of monthly price growth rates (SA) by region on the pages of its regional branches.
Preview photo: Anna Mente / Shutterstock / Fotodom