this post was submitted on 25 Nov 2023
120 points (96.9% liked)

World News

39032 readers
2466 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] autotldr@lemmings.world 8 points 11 months ago

This is the best summary I could come up with:


Russia’s Central Bank has raised its key lending rate four times this year to try to get inflation under control and stabilize the ruble’s exchange rate as the economy weathers the effects of Russia’s military operation in Ukraine and the Western sanctions imposed as a consequence.

The last time it raised the rate — to 15%, doubled that from the beginning of the year — the bank said it was concerned about prices that were increasing at an annualized pace of about 12%.

Figures from the state statistical service Rosstat released on Nov. 1 show a huge spike in prices for some foods compared with 2022 — 74% for cabbage, 72% for oranges and 47% for cucumbers.

The Russian parliament has approved a 2024-2026 budget that earmarks a record amount for defense spending.

Maxim Blant, a Russian economy analyst based in Latvia, sees that as an indication that prices will continue to rise sharply.

“It is simply impossible to solve the issue of inflation in conditions ... when the military-industrial complex receives unlimited funding, when everything they ask for is given to them, when the share of this military-industrial complex in the economy grows at a very rapid pace,” he told The Associated Press.


The original article contains 429 words, the summary contains 204 words. Saved 52%. I'm a bot and I'm open source!