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R Johansen
Hindustan Times
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Comments by "R Johansen" (@rjohansen9486) on "Russia Downs Drone Near Moscow, Intense Battle In Southeast Ukraine, Putin Lauds Army | War Updates" video.
Russia could be grappling with an unreported inflation crisis as its war with Ukraine rages on, if the estimates of top economist Steve Hanke are any guide. Based on his own calculations, Hanke gauged the Russia's annual rate of consumer-price increases at an eye-watering 60%, far above the 3.6% level most recently reported by the Bank of Russia. "According to the Central Bank of the Russian Federation, Russian inflation expectations jumped to 11.1% in July. Today I measure inflation at 60%/yr, ~5.5x the central bank's data point. The expectations appear to be way too optimistic," the economist said in a tweet. "The ruble's FREE-FALL is fueling RAGING INFLATION in Russia," the applied economics professor at Johns Hopkins University said in an earlier tweet.
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@jimmyc974 You COULD stop reading just Russian propaganda. Unlikely, but you COULD!
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