Russian Inflation Is Bad And Getting Worse

Whether it is the result of NATO sanctions or internal economic imbalances, Russia is experiencing a severe hyperinflationary period.

Earlier, the Ministry of Economic Development of the Russian Federation reported that inflation in Russia from March 12 to March 18 accelerated to 14.53% in annual terms against 12.54% a week earlier.

A 2% rise in annual inflation in the space of a week is the sort of inflation rise that invites comparison to Germany's Weimar Republic hyperinflation of the 1920s. It's what the Russian people are experiencing right now.

How this will impact Putin's Ukrainian War is still a question.