Russia’s inflation is expected to accelerate further in December, reaching a median estimate of 9.8%, as the ongoing invasion of Ukraine drives up prices for nearly all goods and services. Despite efforts to curb inflation through historically high interest rates, the central bank has missed its target for the fifth consecutive year, which stands at 4%.
Source: https://www.bloomberg.com/news/articles/2025-01-15/russia-inflation-set-to-jump-at-year-end-as-war-pushes-up-prices