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700% Inflation in Russia: How Prices and the Ruble Exchange Rate Have Changed Since 2001
How the lives of Russians have changed in 23 years: 700% inflation, rising prices and the dollar exchange rate
Over more than two decades, prices in Russia have increased several-fold - the cost of housing has increased 16-fold, food has become 4-27 times more expensive, and the dollar exchange rate has risen 3.4 times....
Why People Take Mortgages Despite High Rates?
... Russian mortgage market is growing despite high interest rates. Why do Russians continue to take out mortgages even in the face of inflation and the risk of ruble devaluation? In this article, we examine the key reasons — from the desire to protect savings ... ... October of this year. In this article, we will explore why Russians continue to apply for mortgages despite high debt servicing costs, highlighting the importance of this financial instrument for the population. Key economic and social factors will be discussed,...
Entrepreneurship. How to become a successful entrepreneur?
We live in the age of entrepreneurs! These people, and I am proud to count myself among them, are the driving force behind a revolution that transforms ... ... suited or is it possible to do it on my own.
Aspiring entrepreneurs conserve their limited resources. They try to keep overhead costs low, productivity high, and fixed assets kept to a minimum. Thanks to this, they can start their business with a minimum ...
What is devaluation in simple terms and how does it affect the Russian economy?
Devaluation is the process of devaluation of the national currency, which each of us feels when prices rise and purchasing power falls. In this article, ... ... means that Russians spend more on foreign-made goods, such as cars, electronics, medicines, and even some food products.
Higher cost of living for citizens: Devaluation leads to higher prices for goods and services, which increases inflation. As a result,...
Inflation: What It Is, Why It Is Dangerous, and How to Protect Your Money
A detailed analysis of inflation: the causes and consequences of rising prices, how the depreciation of money affects purchasing power, savings and ... ... services than it could previously. This leads to a decrease in the purchasing power of the population. For instance, if a product cost 1000 rubles a year ago and today it costs 1100 rubles, there has been a 10% rise in prices, and the purchasing power of money ...