(Moscow Composite Electric) a series of sanctions caused by Russia's invasion of Ukraine has led to a significant depreciation and disturbing trading. Russia is now on the worst inflation rate of the most serious inflation since this century.
Russia's inflation rate in February reached 9.15%, a new high in six years; food prices rose nearly 11.5%year -on -year.
In the first week of the Russian army's offensive against Ukraine, the price of domestic new cars soared by more than 17%, and the price of television jumped by 15%.During the seven days as of the 4th of this month, the prices of some medicines and vegetables rose 5%to 7%.
Russian rubles have depreciated by about 40%since the beginning of this year, which means that any product that Russia can import now has to pay a higher price.
According to the data released by the Russian Federal Bureau of Statistics on Wednesday, overall, the price of the week of March 4 rose 2.2%from the previous month, the largest weekly increase since the data began to track the data.It is more than doubled higher than the previous week.
Data from the Russian Ministry of Economic Affairs showed that prices in this period increased by 10.4%year -on -year.
Michafi, the global macro strategy director of the StateStreetglobalmarkets, pointed out in a research report that there have been signs that since the plunge of Rubbood, Russia's price increase has been more than the increase in currency plunge before.big.
He wrote: "If this increase will continue in the next few weeks and months, the annual inflation rate of Russia may be almost doubled in the next few months."
Bloomberg Economic Research predicts that Russia's inflation rate can reach 19%in July
Bloomberg Economic Research predicts that the Russian inflation rate will reach the peak of 19%around July.It is far higher than 9.2%last month, and it will reach about 16%at the end of the year.
Before the outbreak of the Russian and Ukraine War, the peak value of price increases in Bloomberg Economic Research would be less than 10%, and it reached 5.8%at the end of this year.
The Bank of America predicts that Russian inflation will soar to 20%this year, and the National Institute of Economic and Social Sciences in London even believes that it will be higher than 20%.Russia's inflation rate has never reached 20%since 2001.
