Russian inflation is twice as bad as in USA

[Noahv]

Last edited Fri May 20, 2022, 03:06 PM - Edit history (1)

Wall Street Journal, May 20, 2022:



https://www.wsj.com/articles/russian-inflation-makes-u-s-price-rises-look-tame-11653047287

the prices Russian households pay for the goods and services they consume were 17.8% higher in April than a year earlier, compared with annual inflation rates of 8.3% in the U.S. and 7.4% in the eurozone.

And employees aren't getting any wage increases:

Wages for Russian workers aren’t keeping pace. The result is that real disposable incomes were 1.2% lower in the first three months of 2022 than a year earlier. With the economy set to contract by around 10% this year, pay increases are unlikely to pick up.
Gregory Shevchenko, co-founder of digital marketing agency Shevchenko.bz in Moscow, said that he expects his employees to start asking for higher pay due to inflation, which he is unlikely to be able to accommodate.
“I used to hire and pay salaries based on expected growth,” Mr. Shevchenko said. But clients have decreased their budgets, paused new contracts or shortened deals, he said.

[2naSalit]

1. Yeah but the GQP...

Are jealous about it.

[Takket]

2. Hey Russia...

If you don’t like it, only takes one bullet from someone brave enough to kill a monster. And this all goes away.

[Noahv]

3. +1