Russian inflation data prompts immediate response

Russian inflation data prompts immediate response

Russia’s latest inflation numbers have sparked a swift reaction from the government, with measures being implemented to address the rising prices. The central bank has announced plans to tighten monetary policy in order to combat inflation.

The increase in inflation is largely attributed to rising food and fuel prices, as well as the depreciation of the ruble. The government is also considering other strategies, such as price controls and subsidies, to alleviate the burden on consumers.