Russian inflation is raging at 60%, not the reported 3.6%, thanks to the ruble's 'freefall', top economist Steve Hanke says
Russian inflation is raging at 60%, not the reported 3.6%, thanks to the ruble's 'freefall', top economist Steve Hanke says
Russian inflation has soared to an extreme level of 60%, compared to the official figure of 3.6%, thanks to a plunge in the ruble, according to top economist Steve Hanke.
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I wonder if it's sensational or it really hits. Some pieces of grocery felt off my list, but since Centrobank measures and completely unobvious pricing of goods (sales, loyal customer cards, new noname brands replacing those who 'left', normalizing poor men's stores - warehouses where items are staying in storage packgages and employees are minimal to cut prices down) and a long-term habit of prices keeping cimbing at ridiculous rate, it's not the breaking point. How it would hurt the big players tho is the question because big firms cutting their wants = unemployment, and their budget is as challenged. When I drop another portion of meat from my diet, they drop a dozen of employees off.
My perspective is too small but I've noticed an old off-tone joke reposted more frequently.
Dad, you having your wage cut means you'd drink less?
No, my pleasure. It means you'd get to eat less.
For what it seems, there's still ground for maneuvers in average Ivan's grocery list. More lifehacks and thrift options are discovered by many. The frog is boiling on slow fire.