US inflation was 8.5% in March, probably 10% by now
some impacts of sanctions and boycotts will not be shown imediately in consumer price statistics,like the price of elevator spare parts or of airplane components.
But they will have an impact over the coming months
the increase costs of elevators will add up to building costs,the increased costs of plane spare parts will add up to transportation costs
sanctions have not proved to be the economic “nuclear bomb’ we hoped for, that would bring Russia on its knees ,and are more like constant “carpet bombing’
while not bringing Russia on its knees,sanctions will permanently make Russia a weaker economy
only thing keeping it afloat now are high oil and gas prices,but that will never last long(OPEC attempt to keep the oil price extremely high in the 1970s eventually collapsed). Third world countries can’t afford oil at 100 $ a barrel without taking a hit;their economies will either become less reliant on oil or they will slow down
Eastern Europe here. Romania reported official 10.2% year over year inflation in March. Estimated 12.5-14% peak in Summer. Braindead government decided the solution is to print more money and throw it into the circulating supply for votes and just blame the whole inflation on Russia, the war and COVID.
Russia probably has quite higher real inflation than reported. They have been subsidizing and manipulating prices internally for over a decade. Europe is paying those subsidies with money for gas and oil.
Official inflation*. Russian officials do not lie only when they are silent, and prices are growing clearly more than the designated level.
If I remember correctly, it was reported at 15% a week ago and 13% a week before that. So it’s rising quite steadily which is great news to hear
Welcome to the 90s, Russia.
good. Hopefully it goes further up. Russians have to suffer
6 comments
sanctions are working but not fast enough
US inflation was 8.5% in March, probably 10% by now
some impacts of sanctions and boycotts will not be shown imediately in consumer price statistics,like the price of elevator spare parts or of airplane components.
But they will have an impact over the coming months
the increase costs of elevators will add up to building costs,the increased costs of plane spare parts will add up to transportation costs
sanctions have not proved to be the economic “nuclear bomb’ we hoped for, that would bring Russia on its knees ,and are more like constant “carpet bombing’
while not bringing Russia on its knees,sanctions will permanently make Russia a weaker economy
only thing keeping it afloat now are high oil and gas prices,but that will never last long(OPEC attempt to keep the oil price extremely high in the 1970s eventually collapsed). Third world countries can’t afford oil at 100 $ a barrel without taking a hit;their economies will either become less reliant on oil or they will slow down
Eastern Europe here. Romania reported official 10.2% year over year inflation in March. Estimated 12.5-14% peak in Summer. Braindead government decided the solution is to print more money and throw it into the circulating supply for votes and just blame the whole inflation on Russia, the war and COVID.
Russia probably has quite higher real inflation than reported. They have been subsidizing and manipulating prices internally for over a decade. Europe is paying those subsidies with money for gas and oil.
Official inflation*. Russian officials do not lie only when they are silent, and prices are growing clearly more than the designated level.
If I remember correctly, it was reported at 15% a week ago and 13% a week before that. So it’s rising quite steadily which is great news to hear
Welcome to the 90s, Russia.
good. Hopefully it goes further up. Russians have to suffer