The Prices in Russia are EXPLODING | Hyperinflation in the Russian Economy | FBE Capital
Prices of everyday items are rising rapidly in the Russian economy, making groceries for average Russians very expensive and gadgets are almost impossible to purchase. This inflation is happening so fast, that it’s resulting in hyperinflation and many households will be struggling in the coming months.
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#inflation #russianeconomy #russia #economics #politics #hyperinflation
00:25 Everyday items price increases
02:35 Prices of consumer electronics
03:05 Outlook for the average citizen
Not only are many stores running out of essential everyday products, almost everything, from groceries, to iPhones, to machine parts, is getting extremely expensive, to the point that, the average Russian can no longer afford them, which is having a massive impact on the quality of life.
The Russian government was very keen on preventing farmers from exporting their wheat to other countries for better prices, to prevent domestic bread prices from surging.
For now, it seems to have worked for bread, however it did not work for other domestic products.