2024年12月，俄罗斯工业生产者价格指数每年上涨7.9%，较上月3.9%的涨幅大幅加快，这是自8月以来生产者价格指数的最大涨幅。这一增长与俄罗斯央行的警告相一致，即产能不足和劳动力危机是由于俄罗斯经济价格上涨造成的。通货膨胀是由电力、天然气和空调的供应和分配（14.9%）和制造业（8.4%）造成的。尽管如此，水分配和处理的通货膨胀仍然强劲（7.2%），矿工的通货膨胀率略低（4.4%）。与上月相比，生产者价格指数上涨了0.4%。

Industrial producer prices in Russia rose by 7.9% annually in December of 2024, accelerating sharply from the 3.9% increase in the previous month, marking the sharpest rise in producer prices since August. The rise was consistent with the Bank of Russia’s warning that poor production capacity and labor force crisis were due to raise prices in the Russian economy. Inflation was carried by the provision and distribution of electricity, gas, and air conditioning (14.9%) and manufacturing (8.4%). Still, inflation remained robust for water distribution and treatment (7.2%) and was slightly for miners (4.4%). From the previous month, producer prices rose by 0.4%.

俄罗斯生产者价格指数（年环比）：7.9%（11月）vs 3.9%。俄罗斯生产者价格指数（年环比）：7.9%（11月）vs 3.9%

Russia Producer Price Index (YoY): 7.9% (November) vs 3.9%.Russia Producer Price Index (YoY): 7.9% (November) vs 3.9%

俄罗斯11月生产者价格指数从之前的1%降至0.4%。俄罗斯11月生产者价格指数从之前的1%降至0.4%

Russia Producer Price Index (MoM) down to 0.4% in November from previous 1%.Russia Producer Price Index (MoM) down to 0.4% in November from previous 1%

俄罗斯卢布兑美元汇率从1月1日的115卢布兑美元大幅反弹至100卢布兑美元，这是有史以来的最低水平，不包括俄罗斯入侵乌克兰后的抛售。反弹是由于财政部在其通常的预算平衡计划中推迟了外汇购买，这表明莫斯科对卢布的疲软采取了行动。此外，交易商指出，特朗普在美国担任总统可能会增加最终在乌克兰停留的可能性，这一希望得到了支持。尽管如此，该货币仍远低于战后平均水平。西方国家制裁莫斯科交易所后，卢布停止了对主要货币对的国内交易，这加大了公司获得硬通货的难度，并迫使俄罗斯银行自6月以来设定外汇价格。这增加了之前因能源制裁而停止外汇流入的制裁，最后是对油轮运营商的制裁。

The Russian ruble strengthened past 100 per USD, holding the sharp rebound from 115 per USD on January 1st, which was the lowest on record when excluding the selloff in the immediate aftermath of the Russian invasion of Ukraine. The rebound was due to the Finance Ministry deferring purchases of foreign exchange in its usual budget balance scheme, indicating that Moscow took action against the ruble’s weakness. Additionally, dealers noted support from hopes that a Trump Presidency in the US could raise the possibility of an eventual stop in the was in Ukraine. Still, the currency remained much weaker than its post-war average. The ruble was halted from domestic trading against major pairs after Western nations sanctioned the Moscow Exchange, magnifying the difficulty for companies to secure hard currency and forcing the Bank of Russia to set forex prices since June. This added to previous sanctions that halted forex inflows due to sanctions on energy, lastly on oil tanker operators.