You are right in calling me out, I can obviously be wrong. Or just overly optimistic :-)
Most of my information about the russian economy comes from different youtube channels, the food inflation being higher than the ‘close to 30% general inflation’ came, IIRC, from “Joeblogs” yt.
Apart from general economic information, which has to be filtered for propaganda, I don’t have much.
But there has been pretty thorough reporting of the butter situation, like this article:
The central bank forecast 8.5% inflation for the year, but that seems unrealistic. But they can politically freeze some prices for instance on fuel and electricity. But they also dictate “free market” prices more widely now, something they’ve done to keep cost for the war machine down. This may dampen inflation, but instead is likely cause shortages. It’s hard to do that for food though, because shortages there is as bad or probably worse than high prices. So that may explain why inflation on food is higher than average.
You are right in calling me out, I can obviously be wrong. Or just overly optimistic :-)
Most of my information about the russian economy comes from different youtube channels, the food inflation being higher than the ‘close to 30% general inflation’ came, IIRC, from “Joeblogs” yt.
If you have better sources I’m interested.
Apart from general economic information, which has to be filtered for propaganda, I don’t have much.
But there has been pretty thorough reporting of the butter situation, like this article:
https://www.cbc.ca/news/world/russia-wartime-economy-butter-price-inflation-1.7371742
The central bank forecast 8.5% inflation for the year, but that seems unrealistic. But they can politically freeze some prices for instance on fuel and electricity. But they also dictate “free market” prices more widely now, something they’ve done to keep cost for the war machine down. This may dampen inflation, but instead is likely cause shortages. It’s hard to do that for food though, because shortages there is as bad or probably worse than high prices. So that may explain why inflation on food is higher than average.
@MrMakabar@slrpnk.net posted a very interesting link to a debate on twitter on inflation:
threadreaderapp.com/thread/1841884096655720630.html