Russian Inflation Spikes to 20-Year Record on War and Sanctions

Nonetheless, the Financial institution of Russia mentioned this week that inflation, when adjusted for seasonal components, has already peaked on a sequential foundation now that the ruble has recovered its preliminary losses in opposition to the greenback and the panic shopping for that adopted the imposition of sanctions in March pale. On a month-to-month foundation, costs rose 1.6% in April, far beneath the 7.6% rise the earlier month.