Putin beordrar styrkor att gå in i Ukraina - INVASION NU (2022-02-24)

Prices have shot up at their fastest pace in more than two decades since Moscow invaded Ukraine.

Inflation came in at 2.1% for the seven days between March 5-11, the Rosstat statistics agency said. That was the second-highest weekly figure in more than two decades — down slightly on the 2.2% rise in prices recorded a week earlier.

The figures mean prices have risen by more than the Central Bank’s target of 4% annual inflation in the space of just 14 days, heaping pressure on households and businesses that were already struggling off the back of the coronavirus pandemic and almost a decade of stagnant living standards.