Analyzing causes of Russian inflation

Analyzing causes of Russian inflation

Inflation in Russia has been a persistent issue in recent years, with various factors contributing to its rise. One of the main causes is the depreciation of the Russian ruble, which leads to higher prices for imports and raw materials. Additionally, geopolitical tensions and international sanctions have also played a role in driving up inflation. The government’s monetary policy, including excessive money supply and low interest rates, has further fueled inflation. Finally, supply chain disruptions and increased production costs have added to the overall inflationary pressures in the Russian economy.