Posted 12/14/2023, 6:31:00 PM
Putin Apologizes for Soaring Egg Prices and High Inflation, Vows to Cut Import Duties
- Putin apologized for high inflation and soaring egg prices at a recent Q&A session
- Egg prices in Russia have jumped 40% since the start of 2022
- Putin admitted high inflation is a "failure of the government's work"
- Russia plans to slash import duties on 1.2 billion eggs in early 2024 to lower costs
- Inflation in Russia hit 7.4% in November and could reach 8% this year, more than double the central bank's 4% target