Wednesday, March 16, 2022

Russia Facing High Inflation

Sugar shortages have been reported across the country. Moskva News Agency  

Moscow Times: Russia’s Inflation Rate Surpasses Annual Target in Two Weeks 

Prices have shot up at their fastest pace in more than two decades since Moscow invaded Ukraine. 

Prices in Russia have risen faster over the last two weeks than the government hoped they would during the entire year, official statistics published Wednesday showed. 

Inflation came in at 2.1% for the seven days between March 5-11, the Rosstat statistics agency said. That was the second-highest weekly figure in more than two decades — down slightly on the 2.2% rise in prices recorded a week earlier.  

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WNU Editor: My relatives and friends in Russia have noticed this inflationary trend in the past week All products that are imported have exploded in price. In particular medicines, spare parts, and electronics. Fresh products and other food staples have also increased. 

Everything else is basically the same. Gas/electricity/natural gas/products made in Russia/etc. .... there has been an increase, but relatively small. 

My main concern are medicines. While sanctions do not prohibit exporting medicines to Russia, there is no mechanism in place right now to pay for it from Western manufacturers. Russians can buy these products from Chinese distributors, but they are taking advantage of the situation. I have been told there are already certain shortages in antibiotics, insulin, heart medications, vitamins, etc..

5 comments:

Anonymous said...

President Puppet is desperately trying to catch-up to Putin

Bert Bert said...

https://www.youtube.com/watch?v=-eW81RRh9BU&t=300s

Anonymous said...

The ruble is steadily recovering in value, at least back to it's 2014 "normal levels" around 80 to the dollar since the last round of sanctions on the 27th. That's not to say the worst is already behind them but I'm not seeing this imminent currency collapse some are predicting. At the current rate the ruble will be back at it's pre-sanction value by Saturday.

Haruka said...

Russians can stop it by revolting and replacing Putin and the government. Of course they shouldn't settle for another strongman and replace the current goverment with another totalitarian.

Anonymous said...

Is that really realistic though. Over a million of us took to the streets in DC to protest the Iraq war and the Bush administration didn't just step down. They can't just run up on the red square with clubs and knives any more likely than we could do the same to pennsylvania ave. Remember the Jan 6th rioters were let into the capital, but if the capital police actually feel threatened they have rockets and machine guns and sniper nests all over the place to put down an insurrection. It will have to be done at the ballot box. Violent uprising is a fantasy.