Data published by the state statistics agency “Rostat” showed today, Wednesday, that consumer prices in the country continued to rise for the ninth consecutive week in November, driven by higher prices of vegetables and air transport.
The agency said that the consumer price index in Russia rose 0.11% in the week ending November 21, compared to 0.06% in the previous week.
Since the beginning of the year, prices have jumped 10.86%, compared to 7.51% for the same period a year ago.
and reinforced Russian Central Bank Last month, expectations were that he would end the rate-cutting cycle, when he kept the key interest rate at 7.5%. Analysts widely expect the Bank to keep rates unchanged at its year-end meeting in December.
The bank aims to reach inflation rates of 4% by 2024, and expects them to decline to between 5 and 7% next year.
