Russian inflation >12% annualized

My comment the war is hitting Russia where it matters the most to Putin’s longevity.

It said seasonally adjusted price growth in the third quarter exceeded an annualized 12% and inflation for the year is expected to be about 7%. The bank said it expected inflation to fall to about 4% in 2024.3 days ago

The 4% is total garbage. The next Russian regime will need an entirely new currency.