Sugar shortages have been reported across the country. Moskva News Agency
Moscow Times: Russia’s Inflation Rate Surpasses Annual Target in Two Weeks
Prices have shot up at their fastest pace in more than two decades since Moscow invaded Ukraine.
Prices in Russia have risen faster over the last two weeks than the government hoped they would during the entire year, official statistics published Wednesday showed.
Inflation came in at 2.1% for the seven days between March 5-11, the Rosstat statistics agency said. That was the second-highest weekly figure in more than two decades — down slightly on the 2.2% rise in prices recorded a week earlier.
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WNU Editor: My relatives and friends in Russia have noticed this inflationary trend in the past week All products that are imported have exploded in price. In particular medicines, spare parts, and electronics. Fresh products and other food staples have also increased.
Everything else is basically the same. Gas/electricity/natural gas/products made in Russia/etc. …. there has been an increase, but relatively small.
My main concern are medicines. While sanctions do not prohibit exporting medicines to Russia, there is no mechanism in place right now to pay for it from Western manufacturers. Russians can buy these products from Chinese distributors, but they are taking advantage of the situation. I have been told there are already certain shortages in antibiotics, insulin, heart medications, vitamins, etc..
Source: Russia Facing High Inflation
Category: Russian economy
