Page 101 - RusRPTAug24

4.2 Inflation
The annual inflation rate in Russia rose to 8.6% in June of 2024 from 8.3% in the earlier year, the highest since February 2023, when base effects from Western sanctions softened the soaring levels of price growth in the Russian economy. The reading was aligned with the Bank of Russia’s signals that a combination of a widespread capacity crisis and some traction for
101 RUSSIA Country Report August 2024 www.intellinews.com