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

Moscow and Muscovites

Moscow and Muscovites

Vladimir Gilyarovsky's classic portrait of the Russian capital is one of Russians’ most beloved books. Yet it has never before been translated into English. Until now! It is a spectactular verbal pastiche: conversation, from gutter gibberish to the drawing room; oratory, from illiterates to aristocrats; prose, from boilerplate to Tolstoy; poetry, from earthy humor to Pushkin. 
Jews in Service to the Tsar

Jews in Service to the Tsar

Benjamin Disraeli advised, “Read no history: nothing but biography, for that is life without theory.” With Jews in Service to the Tsar, Lev Berdnikov offers us 28 biographies spanning five centuries of Russian Jewish history, and each portrait opens a new window onto the history of Eastern Europe’s Jews, illuminating dark corners and challenging widely-held conceptions about the role of Jews in Russian history.
The Pet Hawk of the House of Abbas

The Pet Hawk of the House of Abbas

This exciting new trilogy by a Russian author – who has been compared to Orhan Pamuk and Umberto Eco – vividly recreates a lost world, yet its passions and characters are entirely relevant to the present day. Full of mystery, memorable characters, and non-stop adventure, The Pet Hawk of the House of Abbas is a must read for lovers of historical fiction and international thrillers.  
Driving Down Russia's Spine

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. 
Fearful Majesty

Fearful Majesty

This acclaimed biography of one of Russia’s most important and tyrannical rulers is not only a rich, readable biography, it is also surprisingly timely, revealing how many of the issues Russia faces today have their roots in Ivan’s reign.
A Taste of Russia

A Taste of Russia

The definitive modern cookbook on Russian cuisine has been totally updated and redesigned in a 30th Anniversary Edition. Layering superbly researched recipes with informative essays on the dishes' rich historical and cultural context, A Taste of Russia includes over 200 recipes on everything from borshch to blini, from Salmon Coulibiac to Beef Stew with Rum, from Marinated Mushrooms to Walnut-honey Filled Pies. A Taste of Russia shows off the best that Russian cooking has to offer. Full of great quotes from Russian literature about Russian food and designed in a convenient wide format that stays open during use.
Tolstoy Bilingual

Tolstoy Bilingual

This compact, yet surprisingly broad look at the life and work of Tolstoy spans from one of his earliest stories to one of his last, looking at works that made him famous and others that made him notorious. 
Stargorod: A Novel in Many Voices

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.
The Samovar Murders

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.
At the Circus (bilingual)

At the Circus (bilingual)

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.
Survival Russian

Survival Russian

Survival Russian is an intensely practical guide to conversational, colloquial and culture-rich Russian. It uses humor, current events and thematically-driven essays to deepen readers’ understanding of Russian language and culture. This enlarged Second Edition of Survival Russian includes over 90 essays and illuminates over 2000 invaluable Russian phrases and words.

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