Russian inflation undermines consumer confidence

Russian inflation undermines consumer confidence

Russian inflation rates are on the rise, causing a decrease in consumer confidence. High prices for goods and services are putting a strain on the average citizen’s budget.

The weakening ruble and global economic instability contribute to the problem. As a result, many consumers are cutting back on spending, leading to a slowdown in economic growth.

The Russian government is taking measures to combat inflation, but the effects may take time to be felt. In the meantime, consumers are feeling the impact of rising prices and uncertain economic conditions.