Russian consumers are already feeling the cost of war
Inflation is reaching heights not seen since the financial crisis of 1998
IN DECEMBER Vladimir Putin, Russia’s president, said that inflation was “the main problem” for Russia’s economy and citizens. Today, the country’s greatest woe is its invasion of Ukraine, in which thousands of soldiers have already died. But inflation has not gone away. On the contrary, the war has sped it up to levels not seen since Russia’s financial crisis of 1998.
This article appeared in the Graphic detail section of the print edition under the headline “Starting to bite”
From the March 26th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Graphic detail
What New York’s congestion charge could teach the rest of America
Lighter traffic in some parts of the city is a promising start. Will it continue?
The secret to one of Europe’s best-performing stockmarkets
Its economy is mired in gloom, but its stock exchange is the envy of Europe
Drones spotted on America’s east coast highlight a bigger problem
Unidentified objects can be dangerous, but not in the ways you might think
What to expect after Germany’s confidence vote
Much like voters in the rest of the world, Germans are fed up with their government