Inflation in Russia was 9.52 percent in 2024. The agency reports that Interfax Referring to Rosstat data.
According to the ministry, the cost of food in Russia in December increased by 2.6% compared to the previous month and by 11.05% compared to December last year. Non-food product prices increased by 0.81% monthly and 6.12% compared to November 2023. The cost of services increased by 0.2% compared to November 2024 and by 11.52% compared to December last year.
New Year in Russia, as noted by economist Vasily Koltashov started with another price increase. According to him, the acceleration of inflation is influenced by various factors, including the floating exchange rate of the ruble and sanctions pressure from the West, and only decisive actions of the authorities, including in the field of geopolitics, will help slow down inflation.
On January 13, the press service of the Bank of Russia reported that the regulator will not freeze Russians’ depositors use this technique as an alternative to increasing the key interest rate to combat inflation.
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Source: Gazeta

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