Inflation has once more spiked in Russia in current months, fuelled by huge public spending on the Ukraine struggle and large wage will increase in lots of sectors of the financial system. To counter this, the Central Bank raised its benchmark rate of interest to a report 21 p.c on the finish of October, a measure that has but to halt the persistent rise in costs.
https://www.france24.com/en/europe/20241128-chronic-inflation-hits-russia-as-huge-pay-increases-fuel-rising-prices