Russia’s Annual Inflation Slows to 15% in November

1 min read

The FINANCIAL — Russia’s annual consumer inflation slowed in November, as expected, but remained far above the central bank’s target, data showed on December 4, according to Nasdaq.

Inflation slowed to 15% in November from 15.6% in October, the Federal Statistics Service said.

Though the annual inflation remains above the target of 4%, the Bank of Russia may resume monetary easing as soon as next week as inflation is widely expected to slow further thanks to base effect.

In monthly terms, consumer prices went up by 0.8% in November, the data showed.

 

See also  Blockchain and AI - The Future of Data Processing

Leave a Reply