'Out of Control': Russia's CPI Inflation Up Again to 9.5% in December

Russia’s runaway consumer price inflation (CPI) made more gains in December, rising to 9.5% y/y, as the Central Bank continues to lose the fight to reign in rising prices.  “The rise in Russian inflation to 9.5% y/y in December is likely to be followed by an increase to more than 10% early this year.