Inflation killing Putin's Russia

Russian inflation 8.9%

The annual inflation rate in Russia rose to 8.9% in November 2024, up from a five-month low of 8.5% in the prior month and surpassing market forecasts of 8.7%.

The European desired inflation rate is just 2 %.  Labour has allowed inflation to creep upwards.

2.60%

UK Inflation Rate (I:UKIR)

UK Inflation Rate is at 2.60%, compared to 2.30% last month and 3.90% last year. This is lower than the long term average of 2.82%.

Fitting can only dream of such inflation rates.  The Ruble he is being hammered. 1 pound is worth 339749002.37072796 Ruble.  These are hyper inflation the values of the German currency in the great currency crash of the 1930s.  Three million Rubles to the pound.

And an inflation rate over three times as great.  It will be at four times, if labour got a handle over UK inflation.

Those sort of currency depreciations brought down the Mark, and heralded the creation the deutschmark.  Today even German inflation is above the EU declared aim.

As of January 6, 2025, Germany's inflation rate was 2.60%. This is higher than the long-term average of 2.01%. 

Despite Brexit UK inflation is near that of Germany.  And now the EU is not paying that 20 billion into the EU. 

Full EU accounts will be published as scheduled on 31 October 2019. In 2018 the UK's gross contribution to the EU amounted to £20.0 billion; however, this amount of money was never actually transferred to the EU. It is best thought of as a theoretical liability.30 Sept 2019

That high inflation rate within Russia is troubling.  It means that the Russian currency will continue its depreciation.  If I was Putin I would move or my own financial saving is over to Switzerland.  That is part of the EU single currency area.

With the EU inflation rate at 2.6 per cent.  The oligarchs in Russia will already have removed the savings across.  Hence the Russian economy is shrinking by the second.