Talking Trends: monthly CPI growth slows
6 February 2024
News
Between December and January, monthly price growth was slower but still markedly above the inflation target. The observed decline in inflationary pressures has yet to become sustainable.
Households’ and businesses’ inflation expectations remain high. The tight monetary policy of the Bank of Russia will help reduce inflation going forward.
The Russian economy continued to grow at the end of 2023, but the pace of growth declined. Despite signs of cooling consumer activity, demand was still outpacing the supply of goods and services.
More details are presented in Talking Trends, a Bank of Russia bulletin.
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