Wednesday, April 6, 2011

Inflation in Russia

Official statistics in Russia show that price inflation in that country is at inflation climbing at annual rate of 9.5% y/y.

Naturally, the true inflation picture is likely worse than the official statistics.
at 8:37:00 AM

2 comments:

  1. Joe NelsonApril 6, 2011 at 7:21 PM

    Bob,

    What do you think is at work here? Are the central bankers in Russia running the printing presses or is this a result of QE2 bidding up prices all over the world? A combination of both?

    ReplyDelete
  2. Robert WenzelApril 6, 2011 at 7:35 PM

    Definitely Putin running the printing presses.

    ReplyDelete

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