Russia’s Inflation Reaches Year-High Due to War Spending and Rising Food Prices, Says Rosstat Report
Inflation in Russia has surged to its highest level in almost a year, influenced by increased war spending and rising food prices. Recent reports show that the Central Bank has raised interest rates dramatically from 7.5% to 21% to fight this inflation. Over the past year, consumer prices have risen by 9.7%, with food costs ...
