According to the statistics office, Russia’s annual inflation hit a two-decade high of 17.8% in April, fueled by Western sanctions over Moscow’s military incursion in Ukraine.
Since President Vladimir Putin’s soldiers entered Ukraine on February 24, Russia has faced a bombardment of international sanctions, including embargoes on vital exports, which has accelerated already-high inflation.
According to Rosstat, food price inflation, which is a major issue for Russians with modest incomes, has reached 20.5 percent year on year.
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