Seasonally adjusted price growth increased in November, primarily due to changes in the prices of fruit, vegetables, and mobile communication services. Despite this rise, most measures of underlying inflation remained high.
The significant tightness of monetary policy that has been achieved creates conditions for resuming disinflation processes and returning inflation to the target, despite the elevated current price growth and high domestic demand.
More details are available in the new issue of the Bank of Russia’s information and analytical commentary Consumer Price Dynamics.
From December 2024, the Bank of Russia starts to regularly publish the assessment of monthly price growth rates (SA) by region on the pages of its regional branches.
