Russia’s Inflation Surges to Year-High Amid War Spending and Rising Food Prices, Reports Rosstat
Inflation in Russia has surged to its highest level in almost a year, primarily due to military spending and increased food prices. The Central Bank has raised interest rates dramatically from 7.5% in July 2023 to 21%, aiming to tackle this inflation crisis. As of December 2023, annual inflation is at 9.7%, with food costs ...
