Russia's inflation rate has reached 9.5% so far this year

ChainCatcher news, according to Jinshi reports, the latest weekly data released by the Russian Federal State Statistics Service on Wednesday showed that as of the week ending December 23, the Russian CPI rose by 0.33%, and the inflation rate for the year has reached 9.5%.

Before the release of the above data, the Russian central bank unexpectedly decided to keep the key interest rate unchanged at 21% last week. The regulator stated that recent tightening policies have created favorable conditions for bringing the inflation rate down to the target of 4%. Andrei Gangan, head of the monetary policy department of the Russian central bank, stated that the annual inflation rate in Russia will be between 9.6% and 9.8%.