How will Russian inflation affect economy?

Russian inflation can have a significant impact on the economy. When prices rise, consumers have less purchasing power, which can lead to decreased demand for goods and services. This can result in lower production levels, lower profits for businesses, and ultimately slower economic growth. Inflation can also erode the value of savings and investments, as the real value of money decreases over time. Additionally, high inflation can lead to higher interest rates, which can make borrowing more expensive and further dampen economic activity. Overall, controlling inflation is crucial for maintaining a healthy and stable economy in Russia.