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Allt tyder på att Ryssland kommer även fortsatt klara av detta galant, både krigsföring mot USA och att hålla nationens ekonomiska hälsa i trim.

Inflation in Russia has accelerated again after the collapse of the ruble to the lowest values ​​​​seen in the first weeks of the war, according to data published by Rosstat on Wednesday.

In the week from November 26 to December 2, the consumer price index rose by 0.5%, and annual inflation accelerated to 9.07 - the highest since February 2023. The weekly inflation surge was one of the strongest in the past two years: prices rose more only in the first week of July (by 0.77%), when the authorities sharply indexed tariffs.

[...]

According to Rosstat, since the beginning of the year, potatoes have risen in price by 81%, onions by 40%, cabbage by 34%, milk, sour cream and apples by 17%. The growth in prices for butter, a record since 2007, has accelerated to 33%, for lamb to 22%, and for bread, it has exceeded 13%.

And this is just the beginning: the fall of the ruble inevitably entails an increase in the cost of imported goods and products

russia's agricultural sector continues to collapse with sales of farm equipment in freefall

Amidst record crop failures and with all resources now going to Putin’s global war projects, things are only getting worse for the collapsing Russian agricultural sector, with domestic sales of new equipment dropping by 16.5% year-on-year to 167.5 billion rubles in the first ten months of 2024, according to the Russian Association of Specialized Machinery and Equipment Manufacturers (Rosspetsmash). Production and exports have also declined by 12.6% and 9.6%, respectively, amounting to 205.8 billion rubles in production and 14.1 billion rubles in exports.

The most substantial decrease was observed in fertilizer application machinery, with sales plummeting by 63.2% to 202 units. Grain harvester shipments fell by 27.7% to 2,870 units, seeders by 22.5% to 2,760 units, and agricultural tractors by 13.2% to 3,390 units. Conversely, sales of mowers, reapers, and balers saw increases of 4.1%, 11.7%, and 32.7%, respectively.

Dmitry Babansky of SBS Consulting attributes the negative trend to several factors, including a high key interest rate, increased equipment costs, and low agricultural product prices. The Central Bank’s elevated interest rates have rendered commercial loans and leasing options less accessible to farmers, leading to reduced investments in new machinery.