In September, consumer prices saw an increase compared to August, after seasonal adjustments. The rise was particularly noticeable in outbound tourism and transportation services. Additionally, the indexation of prices for educational services exceeded typical levels. Various measures of underlying inflation also showed month-on-month growth.
The ongoing high inflation is attributed to strong domestic demand outpacing the production of goods and services. To curb inflation effectively, stringent monetary conditions are deemed necessary.
Further information can be found in the latest issue of the Bank of Russia's information and analytical commentary on Consumer Price Dynamics.
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