Replies

26DEC2024 Essential goods have seen dramatic price hikes since the start of the year [2024], including potatoes (90.5%), onions (46.6%), cabbage (46.6%), and butter (35%).
The Central Bank's aggressive interest rate hikes have drawn criticism, particularly from Russia's military-industrial complex. Sergei Chemezov, CEO of state-owned defense giant Rostec, warned in October that continued rate increases could bankrupt businesses.

However, Central Bank Governor Elvira Nabiullina maintains that the high rate is essential to curb inflation, a view echoed by opposition politician Vladimir Milov. Milov told the Kyiv Independent in November, “Chemezov is right that businesses will have to shut down at such a high rate. Nabiullina is right that the rate cannot be cut because... there will be hyperinflation like in Turkey.”
https://kyivindependent.com/russias-inflation-hits-year-high-driven-by-war-spending-food-price-hikes-rosstat-says/