Translated to inflation, what % inflation does the collapse of the ruble represent?

[panader0]

I'm certainly no expert on economics, but I know a lot of US citizens are moaning over
inflation. How would that correspond to what Russian citizens are experiencing?
I'm hoping someone can give me a comparison of inflation rates.
TIA

[gibraltar72]

1. Biden caused terrible inflation. In Russia.

[gab13by13]

2. More like deflation.

[orwell]

3. Impossible to guess right now...

...far too complex a prediction based on available evidence.

It is interesting that the RCB raised the interest rate to 20% from 9.5%. That is at least an indication of where they feel they need to set rates to stimulate ruble demand.

[Metaphorical]

4. inflation tends to be hard to measure in the midst of a collapse

Russians have been isolated, which means that finished goods and food is now limited to what's produced in country and what was being delivered from the docks. The latter should dry up around March 15. Add into this panic hoarding, and it's likely that store shelves in most major Russian cities are getting bare. There is likely profiteering as well. The ruble's devalued against most world currencies at this point, which means that even when they can get goods in, those goods are going to be much more expensive. So by March 15, I'd estimate that Russia will see at least 100-200% inflation month over month, or perhaps 1500% percent annualized.

[roamer65]

5. Bank of Russia is going to have to print larger denomination notes.

Last edited Tue Mar 1, 2022, 03:40 PM - Edit history (1)

1. High inflation.
2. It’s going to be a cash only economy soon.