Russian inflation and currency exchange rates

Russian inflation and currency exchange rates are closely intertwined and have a significant impact on the country’s economy. Inflation refers to the overall increase in prices of goods and services over a period of time, leading to a decrease in the purchasing power of a currency. In Russia, inflation has been a persistent issue, with rates fluctuating due to various factors such as changes in government policies, international economic conditions, and domestic market trends.

Exchange rates, on the other hand, determine the value of one currency in relation to another. In Russia, the value of the ruble against major currencies like the US dollar and Euro is influenced by factors such as oil prices, trade balances, political stability, and global economic trends. Fluctuations in exchange rates can impact the cost of imports and exports, as well as foreign investment in the country.