Russia inflation rises 8.9% amid economic strain

News Image

By MG News | December 18, 2024 at 05:04 PM GMT+05:00

0:00

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
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg