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The Collapse of the Ruble: Predicted Sharp Rise in Prices for Russians

The collapse of the ruble in the near future will cause a sharp rise in prices for Russians for a large group of goods and services.

Russia expects a sharp jump in inflation due to the collapse of the ruble, which since the beginning of the year has entered the top three worst currencies in the world in terms of devaluation after the Argentine peso and the Turkish lira.

Russian edition “Agency” led the analytics of how much prices will rise in Russia due to the fall of the ruble.

According to the journalists of the publication, since the beginning of the year, the dollar and euro rates against the Russian currency have jumped by more than 30%. At the beginning of the year, the euro cost about 75 rubles, the dollar – about 70 rubles, now the euro exchange rate exceeds 100 rubles, and the dollar exchange rate – 90, while since the beginning of summer both currencies have risen in price by more than 10 rubles.

Journalists and analysts have collected materials in open sources about how prices will rise due to the fall of the ruble – the result does not bode well for the Russians. Prices for food, electronics, cosmetics and cars will rise significantly in the near future.

Recall that the Russian economy is at its peak, the ruble is falling against the dollar and the yuan.

Author: Mark Voroshilov

2023-07-20 11:57:51
#collapse #ruble #hit #Russian #Federation #painfully #media #waiting #Russians

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