Double-digit inflation in Russia, but the ruble is strengthening: is it worth waiting for a collapse in the near future

12 April 2022, 16:02 | Economy
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According to official statistics, prices in Russia increased by 16.7% in annual terms in March against 9.2% in February. At the same time, the ruble is strengthening. Experts explain it simply: “The ruble exchange rate is unrealistic”.

The real exchange rate of the ruble can be found on the black market in Russia by buying currency from speculators, but such operations are strictly monitored and it is a criminal offense. In addition, not all restrictions on the purchase and sale of foreign currency were lifted (exporters are required to sell 80% of their revenue), plus, in order to hold the currency, the Central Bank of Russia “burned” part of its reserves.

Russians can only assess real inflation and exchange rates when they come to stores (some goods have risen in price several times, and some have disappeared from the shelves) or when they buy something in Chinese online stores.

Comment ZN. UA:.

[quote type\u003d" It does not correspond to reality, and you can no longer wait for it to collapse. For now, there are enough gold and foreign exchange reserves to hold it, and restrictions can be reintroduced. As for inflation, it's not all that simple either..

Prices change every day, and some products are already in short supply and soon they will simply not be seen on the shelves in the Russian Federation. But statistics will also be adjusted. Alternatively, the analysis will not include enterprises where a high increase in product prices. That is, the list of companies will be corrected. [/quote].

[see_also ids\u003d"

Russia is engaged in de-dollarization of the economy, but the consequences may be unexpected.




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