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

Murder at the Dacha
July 01, 2013

Murder at the Dacha

Senior Lieutenant Pavel Matyushkin has a problem. Several, actually. Not the least of them is the fact that a powerful Soviet boss has been murdered, and Matyushkin's surly commander has given him an unreasonably short time frame to close the case.

A Taste of Chekhov
December 24, 2022

A Taste of Chekhov

This compact volume is an introduction to the works of Chekhov the master storyteller, via nine stories spanning the last twenty years of his life.

93 Untranslatable Russian Words
December 01, 2008

93 Untranslatable Russian Words

Every language has concepts, ideas, words and idioms that are nearly impossible to translate into another language. This book looks at nearly 100 such Russian words and offers paths to their understanding and translation by way of examples from literature and everyday life. Difficult to translate words and concepts are introduced with dictionary definitions, then elucidated with citations from literature, speech and prose, helping the student of Russian comprehend the word/concept in context.

Life Stories
September 01, 2009

Life Stories

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.

White Magic
June 01, 2021

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.

Moscow and Muscovites
November 26, 2013

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. 

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.

Steppe
July 15, 2022

Steppe

This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.

Survival Russian
February 01, 2009

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.

The Pet Hawk of the House of Abbas
October 01, 2013

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.

 

About Us

Russian Life is the 31-year-old publication of an award-winning publishing house that also creates books, 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