shavenferret on 26 July 2024
Russia is having some crazy inflation right now. Inflation is normally about 3% per year on average, however according to the WSJ, Russia has had a 9% increase just this month. You can see the 9% part at the bottom where the text in link. Now, Russia is going to have to slow this down by raising interest rates and slowing the economy down, and people are going to be out of work because of that. I keep talking about oil prices and pain, but the economic pain will be felt as soon as russia's hot economy has to cool off. They'll get higher unemployment, reduced income, yadda yadda yadda. Putin will probably be very unpopular soon.
https://www.wsj.com/world/russia/putin-russia-runaway-inflation-9e9fb3bd
