Moscow (AFP) – For shoppers like pensioner Tatiana Ivanovna buying their weekly groceries in a Moscow supermarket, these are increasingly tough times.Fuelled by a double whammy of a plummeting ruble and the embargoes Russia slapped on many Western products in retaliation for sanctions over the Ukraine crisis, inflation is soaring. Prices on meat, fish and vegetables rose by some 20 percent last year, according to official figures, and Russian staples like cabbage have gone up in recent weeks.But, despite the steep hikes, the rising cost of living is not yet translating into panic for consumers.”Prices are going up, but just …read more
Source: Business Insider
