ChainCatcher news, according to Jinshi reports, the latest weekly data released by the Russian Federal State Statistics Service on Wednesday showed that as of the week ending December 23, the Russian CPI rose by 0.33%, bringing the inflation rate for the year to 9.5%.

Before this data was released, the Bank of Russia unexpectedly decided last week to keep the key interest rate unchanged at 21%. The regulator stated that recent tightening policies have created favorable conditions for bringing the inflation rate down to the target of 4%. Andrei Gangan, head of the monetary policy department of the Bank of Russia, stated that the annual inflation rate in Russia is expected to be between 9.6% and 9.8%.