In December 2023 and January 2024, the current rate of increase of consumer prices in Russia slowed down noticeably. However, in the latest statement of the Central Bank of the Russian Federation, it was stated that this figure still significantly exceeds the 4 percent threshold on an annual basis. newsletter “What do the trends say?”
“It is too early to talk about a stable trend towards a slowdown in price growth,” the regulatory review said.
Central Bank experts emphasize that in general, analytical indicators of price dynamics “point to some weakening of persistent inflation pressure, but this is much less compared to the extent of the slowdown in general price growth.”
As emphasized, the inflation-increasing effect of temporary factors that contributed significantly to the acceleration of price increases in the second half of 2023 was replaced by the inflation-decreasing effect.
In addition, in December, technical factors such as the seasonality of new domestic tourism services and the postponement of indexation of public transport tariffs also put downward pressure on prices.
Previously expert guess We maintain the key rate of the Central Bank of the Russian Federation in February.
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