The number of Russians who say their salary does not cover basic spending has jumped by 20 percentage points in two years to almost half, a survey by recruiter Headhunter showed, as Moscow diverts record fiscal resources to funding its war in Ukraine.
Year end inflation of 7% doesn’t actually seem that bad? I’m surprised it’s not higher tbh
That’s the official numbers. They mean nothing in the real world. In the real world purchasing power of ruble got halved, at least.
Just like how the US fudges the numbers on Inflation by redefining the “basket of goods” used for calculations
Edit here’s an interesting video about it for anyone who doesn’t believe me… https://youtu.be/1QAuROcA4mY?si=ab20iblc3BKrL0ZL
Cheap fuel?
Countries with a materially productive economy and decent balance of payments generally don’t have excessive inflation.