The ruble just hit a 7-year high against the dollar (although that is mostly, I’ll admit it, mainly because the dollar is doing very poorly). But still, inflation in Russia is, at the most, not high. The effects may not be that noticeable on the ground, but when multiplied to a geopolitical scale, there is an effect.
Russia: right-wing government, low inflation. China, left-wing government, low inflation. WILD GUESS ITS FUCKING NEOLIBERALSM
Is Russian inflation really low? On the ground level (as in “how much I can afford for X money this year Vs five years ago”) it doesn’t feel like it
The ruble just hit a 7-year high against the dollar (although that is mostly, I’ll admit it, mainly because the dollar is doing very poorly). But still, inflation in Russia is, at the most, not high. The effects may not be that noticeable on the ground, but when multiplied to a geopolitical scale, there is an effect.
I dread to imagine what heavy inflation feels like in that case. Thanks!