Russia inflation rises 8.9% amid economic strain

By MG News | December 18, 2024 at 05:04 PM GMT+05:00
December 18, 2024 (MLN): The Russian economy is facing rise in inflation by 8.9% and soaring borrowing costs, with interest rates at a two-decade high of 21%, as reported by APP.
The economy is also encountering heightened bankruptcy risks and a slowdown in growth as the repercussions of the Ukraine war and Western sanctions continue to take their toll.
Since ordering an invasion in February 2022, Russian President Vladimir Putin has repeatedly touted the "failure" of sanctions and hailed strong growth in the face of unprecedented uncertainty.
But going into 2025, that three-year run of mostly good economic news looks in serious doubt.
Russian media, usually reluctant to report on any sign of social discontent, are turning increasing attention to hard-pressed families.
The price of butter, up a third since the start of the year, has become emblematic, with a slew of reports on rising thefts from supermarkets.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 132,576.99 161.03M |
-0.62% -826.20 |
ALLSHR | 82,983.68 903.36M |
-0.25% -204.38 |
KSE30 | 40,358.80 56.86M |
-0.72% -292.66 |
KMI30 | 190,727.32 67.92M |
-0.71% -1356.60 |
KMIALLSHR | 55,698.48 457.08M |
-0.27% -149.22 |
BKTi | 36,242.06 11.15M |
-0.50% -180.82 |
OGTi | 28,323.42 10.71M |
-0.40% -114.19 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 109,560.00 | 110,265.00 108,625.00 |
345.00 0.32% |
BRENT CRUDE | 70.51 | 70.71 69.61 |
0.36 0.51% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
1.45 1.51% |
ROTTERDAM COAL MONTHLY | 108.00 | 109.00 107.95 |
0.90 0.84% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 68.74 | 68.94 67.70 |
0.41 0.60% |
SUGAR #11 WORLD | 16.54 | 16.61 16.08 |
0.41 2.54% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|