November 03, 2024

You Call That Inflation?


You Call That Inflation?
A stack of ruble coins. Andrety Sizov
Since the beginning of Russia's War on Ukraine, food prices in Russia may have increased by as much as 87%.
 
According Vazhnye Istory (Important Stories), this data was gathered by the research holding company Romir, which it has been collecting pricing statistics for 10 years, based on actual grocery receipts from families in 240 settlements (15,000 people in all). From early 2022 to September 2024, prices for a basket of 200 goods increased by an average of 87%.
 
This differs significantly from the figures being put out by Russian officials., who say that, since the end of 2021 to present, prices have only risen 27%. Meanwhile, when people are asked what sort of level of inflation they are experiencing right now, it works out to about 50% for most Russians.
 

Then there is this reality: car prices have almost doubled over the last two years; egg prices went up 61% last year (leading to a rare apology from President Vladimir Putin), bananas rose 50%, potatoes 150%, and new building costs have risen 90% in three years (upsetting Central Bank Chairwoman Elvira Nabiullina). Utility costs are up 35%.

So, clearly, prices are on the rise, and there appears to be no end in sight.
 
Meanwhile, the wealth of Russian billionaires has increased by $26 billion over the last 10 months, according to the Bloomberg Billionaires Index (BBI).
 
So there's that.

You Might Also Like

Everything is Connected
  • October 15, 2022

Everything is Connected

We are all daily shaken and unsettled by the fire hose of bad news from Russia and Ukraine, and we all would love “something good, loving, and light from Russia to counterbalance the darkness, the senseless brutality, and the horrors perpetrated by Russian hands in Ukraine.”
Hard Times Ahead
  • April 29, 2022

Hard Times Ahead

One Russian economic official provides a grim forecast of Russia's economy in the near term.
Panic! At the Grocers
  • March 22, 2022

Panic! At the Grocers

As the ruble continues to inflate and goods disappear, the Kremlin urges citizens not to panic buy.
Like this post? Get a weekly email digest + member-only deals

Some of our Books

Bears in the Caviar
May 01, 2015

Bears in the Caviar

Bears in the Caviar is a hilarious and insightful memoir by a diplomat who was “present at the creation” of US-Soviet relations. Charles Thayer headed off to Russia in 1933, calculating that if he could just learn Russian and be on the spot when the US and USSR established relations, he could make himself indispensable and start a career in the foreign service. Remarkably, he pulled it of.

Stargorod: A Novel in Many Voices
May 01, 2013

Stargorod: A Novel in Many Voices

Stargorod is a mid-sized provincial city that exists only in Russian metaphorical space. It has its roots in Gogol, and Ilf and Petrov, and is a place far from Moscow, but close to Russian hearts. It is a place of mystery and normality, of provincial innocence and Black Earth wisdom. Strange, inexplicable things happen in Stargorod. So do good things. And bad things. A lot like life everywhere, one might say. Only with a heavy dose of vodka, longing and mystery.

Driving Down Russia's Spine
June 01, 2016

Driving Down Russia's Spine

The story of the epic Spine of Russia trip, intertwining fascinating subject profiles with digressions into historical and cultural themes relevant to understanding modern Russia. 

The Little Humpbacked Horse
November 03, 2014

The Little Humpbacked Horse

A beloved Russian classic about a resourceful Russian peasant, Vanya, and his miracle-working horse, who together undergo various trials, exploits and adventures at the whim of a laughable tsar, told in rich, narrative poetry.

The Latchkey Murders
July 01, 2015

The Latchkey Murders

Senior Lieutenant Pavel Matyushkin is back on the case in this prequel to the popular mystery Murder at the Dacha, in which a serial killer is on the loose in Khrushchev’s Moscow...

Faith & Humor
December 01, 2011

Faith & Humor

A book that dares to explore the humanity of priests and pilgrims, saints and sinners, Faith & Humor has been both a runaway bestseller in Russia and the focus of heated controversy – as often happens when a thoughtful writer takes on sacred cows. The stories, aphorisms, anecdotes, dialogues and adventures in this volume comprise an encyclopedia of modern Russian Orthodoxy, and thereby of Russian life.

At the Circus
January 01, 2013

At the Circus

This wonderful novella by Alexander Kuprin tells the story of the wrestler Arbuzov and his battle against a renowned American wrestler. Rich in detail and characterization, At the Circus brims with excitement and life. You can smell the sawdust in the big top, see the vivid and colorful characters, sense the tension build as Arbuzov readies to face off against the American.

The Samovar Murders
November 01, 2019

The Samovar Murders

The murder of a poet is always more than a murder. When a famous writer is brutally stabbed on the campus of Moscow’s Lumumba University, the son of a recently deposed African president confesses, and the case assumes political implications that no one wants any part of.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955