Surging Inflation Takes Toll on Russian Households as Food Prices Soar and Ruble Struggles
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Prices for staple foods like meat, dairy, fruits and vegetables have risen 25% in Russia due to high inflation.
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Russia's central bank has raised interest rates 4 times this year to 15% to try to control inflation and stabilize the ruble.
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Pensioners and low income Russians are struggling to afford food without help from their children.
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The Russian parliament approved a record defense budget through 2026, which analysts say will sustain high inflation.
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The ruble has slightly rebounded but remains much weaker compared to summer 2022, keeping import costs high.