Russian inflation on the rise

Look out world

Is inflation rising in Russia?

While inflation is now falling almost everywhere in the West, it is rising in Russia. Officially, inflation in Russia is still well below its target rate. But last week the Russian Central Bank (RCB) raised the Bank Rate by a whole percentage point to 8.5%, in a sign of growing unease about price rises.4 days ago

Russia embarked on the recent innovation in the Ukraine.  This does seem 40% of its armored tanks destroyed!  70% other five to personnel have been killed.  The rest of the world is feeling a surge in inflation - which is horrendously painful!

Russia has embarked on an undemocratic and pointless war he can never win.  The rest the world is learning amounts to Ukraine.  As it pursues the war as pointless and and justified!

The Russian population tends to agree!  An interest rate of 8.5% strain and it suggests that the inflation rate is over 10%.  A year a year it was 11%.  This is Majerle and comfortable for a trading nation.

 

Russia Core Inflation Rate - June 2023 Data

https://tradingeconomics.com › Russia

Core Inflation Rate in Russia averaged 8.21 percent from 2003 until 2023, reaching an all time high of 20.37 percent in April of 2022 and a record low of 1.80 ...

In the 1930s, Germany experience hyper inflation.  This situation only corrected to too much economic ions from U.S. Jewish Bankers.  It signaled the end of the Mark.  And gave the world the Deutschmark.

The Russian economy is truly huge - estimated at $2.063 trillion.  The whole world is only worth 138 trillion.

So the Russian oligarchs ice massive world economy going down the drain!  So the interest rate went up by a whole per cent!  In a month.  In two months we should have an interest rate of over 10 per cent.

By then the Russian inflation rate will be 15%.  Enjoy!