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

The Little Golden Calf

The Little Golden Calf

Our edition of The Little Golden Calf, one of the greatest Russian satires ever, is the first new translation of this classic novel in nearly fifty years. It is also the first unabridged, uncensored English translation ever, and is 100% true to the original 1931 serial publication in the Russian journal 30 Dnei. Anne O. Fisher’s translation is copiously annotated, and includes an introduction by Alexandra Ilf, the daughter of one of the book’s two co-authors.
Life Stories: Original Fiction By Russian Authors

Life Stories: Original Fiction By Russian Authors

The Life Stories collection is a nice introduction to contemporary Russian fiction: many of the 19 authors featured here have won major Russian literary prizes and/or become bestsellers. These are life-affirming stories of love, family, hope, rebirth, mystery and imagination, masterfully translated by some of the best Russian-English translators working today. The selections reassert the power of Russian literature to affect readers of all cultures in profound and lasting ways. Best of all, 100% of the profits from the sale of this book are going to benefit Russian hospice—not-for-profit care for fellow human beings who are nearing the end of their own life stories.
Russian Rules

Russian Rules

From the shores of the White Sea to Moscow and the Northern Caucasus, Russian Rules is a high-speed thriller based on actual events, terrifying possibilities, and some really stupid decisions.
Davai! The Russians and Their Vodka

Davai! The Russians and Their Vodka

In this comprehensive, quixotic and addictive book, Edwin Trommelen explores all facets of the Russian obsession with vodka. Peering chiefly through the lenses of history and literature, Trommelen offers up an appropriately complex, rich and bittersweet portrait, based on great respect for Russian culture.
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. 
Murder and the Muse

Murder and the Muse

KGB Chief Andropov has tapped Matyushkin to solve a brazen jewel heist from Picasso’s wife at the posh Metropole Hotel. But when the case bleeds over into murder, machinations, and international intrigue, not everyone is eager to see where the clues might lead.
White Magic

White Magic

The thirteen tales in this volume – all written by Russian émigrés, writers who fled their native country in the early twentieth century – contain a fair dose of magic and mysticism, of terror and the supernatural. There are Petersburg revenants, grief-stricken avengers, Lithuanian vampires, flying skeletons, murders and duels, and even a ghostly Edgar Allen Poe.
The Frogs Who Begged for a Tsar (bilingual)

The Frogs Who Begged for a Tsar (bilingual)

The fables of Ivan Krylov are rich fonts of Russian cultural wisdom and experience – reading and understanding them is vital to grasping the Russian worldview. This new edition of 62 of Krylov’s tales presents them side-by-side in English and Russian. The wonderfully lyrical translations by Lydia Razran Stone are accompanied by original, whimsical color illustrations by Katya Korobkina.
Woe From Wit (bilingual)

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.
Marooned in Moscow

Marooned in Moscow

This gripping autobiography plays out against the backdrop of Russia's bloody Civil War, and was one of the first Western eyewitness accounts of life in post-revolutionary Russia. Marooned in Moscow provides a fascinating account of one woman's entry into war-torn Russia in early 1920, first-person impressions of many in the top Soviet leadership, and accounts of the author's increasingly dangerous work as a journalist and spy, to say nothing of her work on behalf of prisoners, her two arrests, and her eventual ten-month-long imprisonment, including in the infamous Lubyanka prison. It is a veritable encyclopedia of life in Russia in the early 1920s.

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