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Sunday, 12 January 2025 18:02
in Economics and politics

How (not) to control inflation in Russia

Inflation is high in Russia and people are worried that butter prices have gone through the roof. A standard 200g stick of butter now costs around 200 rubles, or around US$ 2. CNN photo from a Supermarket in Saint Petersburg.

Russia is struggling to control a stubbornly high inflation. The Russian Central Bank blames the shortage of manpower, which in their view is producing ‘wage-push-inflation’, so they want unemployment to go up by stopping economic growth. But there are other ways to control inflation that would be more beneficial to common people in Russia.

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