Russian inflation and purchasing power

Since 2014, Russia has been experiencing high inflation rates, which have had a significant impact on the purchasing power of its citizens. The depreciation of the Russian ruble, economic sanctions, and fluctuations in global oil prices have all contributed to the rise in inflation.

As a result, the cost of goods and services has increased, making it more difficult for people to afford basic necessities. The Russian government has implemented various measures to combat inflation, such as raising interest rates and controlling the money supply. However, these measures have had limited success in stabilizing prices.

Overall, the combination of inflation and stagnant wages has led to a decrease in the purchasing power of Russian consumers. Many people are finding it increasingly challenging to make ends meet, as their income is not keeping up with the rising cost of living.