While Russia is continuing the war in Ukraine, it is also facing problems at home - inflation. Last year, Russia's central bank doubled its key interest rate to control prices.
Axar.az reports that this is stated in the article published in "Wall Street Journal".
It was reported that, however, inflation continues to rise and was 9% this month:
"Prices of goods and services have increased in various industries: from potatoes (up 91% this year) to economy class flights (up 35%)...
On Friday, the Central Bank increased the main interest rate by two percentage points to 18 percent per annum. Inflation became a characteristic feature of the Russian war economy. Rising military spending, as well as a record labor shortage as some working-age men went to the front and others fled the country, fueled the price hike. New US sanctions have made international payments more difficult and increased costs for importers.
Source: en.axar.az
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