Russian Inflation Higher than Expected at 8.9%
2024-12-11
Category: economic

The annual inflation rate in Russia rose to 8.9% in November 2024, up from a five-month low of 8.5% in the prior month and surpassing market forecasts of 8.7%.
Higher prices were recorded for services (+11.4% vs. +11.3% in October) and food (+9.9% vs. +9%), while non-food product price growth remained steady at 5.7%.
On a monthly basis, consumer prices rose by 1.4% in November, the most since April 2022, slightly above market estimates of 1.3%.