Reported about 5 hours ago
Russian inflation is anticipated to escalate as the conflict in Ukraine continues to drive up prices for a wide range of goods and services. Analysts predict that inflation will reach 9.8% by the end of 2024, surpassing the central bank's target for the fifth consecutive year, attributed to a significant ruble depreciation, increased consumer demand, and sanctions-induced supply restrictions. Despite high interest rates, the central bank faces pressure to manage inflation while navigating a slowing economy.
Source: YAHOO