Russia's Central Bank raised its policy rate by 200 basis points to 21% in October 2024, as the soaring demand led by wage increases pushed inflation above the target. The annual inflation was at 9.5% as of late December last year, and the bank aims to reach 4% inflation by the end of 2026.
The citizens of Russia can look forward to 4% inflation by the end of 2026.
The CPI in Jan 2022 was 209.2
The CPI in Nov 2024 was 269.3
The total inflation from Jan 2022 to Nov 2024 is
269.3 - 209.2 =60.1 60.1/209.2 =0.287 or 28.7% inflation from Jan 2022 to Nov 2024. Ouch.
https://tradingeconomics.com/russia/consumer-price-index-cpi