Russia's January CPI Rises Below Expectations

Russia's Consumer Price Index (CPI) for January increased by 1.62% month-on-month, falling short of the anticipated 2.00% rise. According to Jin10, the year-on-year CPI growth was recorded at 6.00%, also below the forecasted 6.45%. Additionally, the core CPI, which excludes volatile items, rose by 0.95% month-on-month and 5.43% year-on-year. These figures indicate a slower inflation rate than expected, potentially impacting economic forecasts and monetary policy decisions.