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flag Russia faces severe inflation, with food prices up 25% and rates at a record 21% to combat it.

flag Russia is grappling with a severe inflation crisis, with prices of butter, meats, and onions up by about 25% from last year, and overall inflation nearing 10%. flag This is much higher than expected and is fueled by rising wages due to the Kremlin's military spending and the war in Ukraine. flag To combat inflation, the central bank has raised interest rates to a record 21%, but experts predict pressures may continue. flag Despite sanctions, Russia is still exporting oil and gas, especially to India and China, which contributes to state revenue growth.

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