- cross-posted to:
- news
- zerfuffle ( @zerfuffle@lemmy.ml ) 9•1 year ago
Year end inflation of 7% doesn’t actually seem that bad? I’m surprised it’s not higher tbh
- Hyperreality ( @Hyperreality@kbin.social ) 4•1 year ago
Cheap fuel?
- Nalivai ( @Nalivai@discuss.tchncs.de ) 3•1 year ago
That’s the official numbers. They mean nothing in the real world. In the real world purchasing power of ruble got halved, at least.
- Jaysyn ( @Jaysyn@kbin.social ) 9•1 year ago
That’s what 35 years of Kleptocracy does.
- Diplomjodler ( @Diplomjodler@feddit.de ) 5•1 year ago
The solution is obviously more meat wave attacks.
- Nalivai ( @Nalivai@discuss.tchncs.de ) 2•1 year ago
You see, Ivan, if there are less people, remaining people have more potatoes.
This is the best summary I could come up with:
The findings, from an October survey of almost 5,000 people, put Russia’s economic woes in sharp focus and could give the authorities a headache in the run-up to March’s presidential election, in which President Vladimir Putin is likely to extend his more than two decades in power.
Record-low unemployment this year is evidence of Russia’s stark labour shortages, while the rouble’s weakness has added to intense inflation pressure.
Interest rates, already at 13%, are expected to rise further to tackle inflation seen ending the year at around 7%, well above the Bank of Russia’s 4% target.
Asked whether their salary was enough to cover basic spending, without taking into account income from second jobs or investments, just one in five Russians surveyed said yes.
The average monthly nominal wage earned by Russians was 71,419 roubles ($756) in July, Rosstat’s statistics show.
Russia could miss its 2024 budget revenue target and be forced to hike business taxes if the rouble proves stronger than expected and optimistic economic assumptions fall short, analysts say.
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