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Russia’s President Vladimir Putin said earlier this month that the Russian economy needs nearly 1 million new workers because of an unemployment rate of only 2.4% (hexbear.net)

submitted 1 day ago by [email protected] to c/[email protected]

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https://www.cnn.com/2024/11/18/economy/russia-inflation-new-heights-intl-analysis/index.html

Inflation is being driven by the rapid rise in wages as the Kremlin pours billions into military industries and sends millions of men to fight in Ukraine. In the middle of a war, companies outside the defense sector can’t compete for workers without paying much higher wages. In turn, they charge higher prices. So the spiral continues.

“Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. “Demand in the economy is distorted in favor of unproductive spending. Wages rise because employers have to compete for labor.

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[–] [email protected] 30 points 1 day ago (1 children)

Only 25% more expensive? Hot damn I wish I was that lucky.

[–] [email protected] 20 points 1 day ago

TFW your country's not even "at war", but grocery prices are up over 50% just for fun.