About past, present and future of Ukraine

Main War — Russian Federal State Statistics Service was caught in a lie: the real inflation rates in Russia became known

War

Russian Federal State Statistics Service was caught in a lie: the real inflation rates in Russia became known

18 Oct, 2022
357
Russian Federal State Statistics Service was caught in a lie: the real inflation rates in Russia became known

Share this article


In the Russian Federation, real inflation rates are about 50%.


Financial experts accuse Rosstat of lying and falsifying data on the real state of affairs in the economy of the Russian Federation, Finanz writes, citing data from the research holding Romir.

It turned out that Rosstat, reporting a slowdown in price growth "to levels lower than in individual European countries," is actually manipulating facts and misleading ordinary citizens.

"The inflationary idyll that is being portrayed in Russia is shattered if the conditional "consumer basket" is replaced with a set of goods actually bought by people," the analysts write.

They note that the price index for essential goods, which Russian citizens buy daily in stores, is growing much faster than official inflation figures.

Thus, according to specialists’ calculations, as of September 2022, the inflation of FMCG goods was 48%, while the official consumer price index increased “only” by 13.7%, and food by 14.2%.

Analysts from the Romir holding, unlike Rosstat, measure prices based on real household purchases of a scan panel. They also received data that in reality, inflation in Russia since the beginning of this year has accelerated at least three times, outpacing the officially declared one by 3.5 times.

According to Romir, inflation in Russia reached its maximum in May, when prices for FMCG goods grew by 66% year-on-year. Since then, like Rosstat, the company's experts have fixed deflation in monthly terms - by 0.1% in June, by 2.4% in July, by 2.3% in August and 1.5% in September.

However, this is not surprising. The Putin regime is just different in that it misleads its own citizens every day.


The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...