Consumer prices rose 2.09% in the seven days ending March. 11, down from 2.22% a week earlier, the Federal Statistics Service said Wednesday. According to Alexander Abramov, a financial markets specialist at RANEPA, a state university in Moscow, Russia could be heading for “Soviet-like inflation” that will manifest itself not in higher costs, but in a shortage of goods.

This post Russia’s inflation shock gives way to Soviet-style deficits

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