Tsarizm
Eastern Europe News

Russia’s Inflation Hits Historic Low in October

Russia’s Consumer Price Index (CPI) in October fell again to an extraordinary low of 2.7 percent year-on-year, down from the already low 3 percent in September, the government’s Rosstat statistics agency said on Nov. 7.

Russian State Duma Extends Elvira Nabiullina’s Term Of Office As Central Bank Chief

Inflation has been overshooting the Central Bank of Russia’s target of 4 percent set for 2017, diving from double-digit price growth in less than two years.

However, the CBR keeps pointing to stubborn inflationary expectations and sticks to moderately tight monetary policy despite the pressure from the government to support growth with lower interest…

To read more visit The Moscow Times

Related articles

Hungarian President Signs New Migrant Detention Law

L Todd Wood

Moldova Finalizes Presidential Election With Sandu Declared Winner

Tsarizm Staff

Biden Administration Sending Patriot Missiles To Ukraine

Tsarizm Staff

Subscribe to our evening newsletter to stay informed during these challenging times!!