Consumer price growth remains high
18 November 2024
News
In October, most measures of underlying inflation rose month-on-month.
The growth in prices for many products and services sped up. High inflation is fuelled by strong domestic demand outstripping the output of goods and services. Additional tightening of monetary conditions is required for inflation to start decelerating again.
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
Preview photo: Kseniya Tretyakova / Shutterstock / Fotodom