Russian inflation rate continues to climb

Russian inflation rate continues to climb

The Russian inflation rate has been steadily increasing in recent months, reaching a new high of 7.4% in August. Rising prices for food, fuel, and other essential goods are putting pressure on households across the country.

The Central Bank of Russia has been taking steps to curb inflation, but the effectiveness of these measures remains uncertain. Economists are closely monitoring the situation as the country grapples with the economic impact of the ongoing pandemic.