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this post was submitted on 24 Oct 2023
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Year end inflation of 7% doesn't actually seem that bad? I'm surprised it's not higher tbh
Cheap fuel?
That's the official numbers. They mean nothing in the real world. In the real world purchasing power of ruble got halved, at least.
Just like how the US fudges the numbers on Inflation by redefining the "basket of goods" used for calculations
Edit here's an interesting video about it for anyone who doesn't believe me... https://youtu.be/1QAuROcA4mY?si=ab20iblc3BKrL0ZL
Countries with a materially productive economy and decent balance of payments generally don't have excessive inflation.