Russia had double digit inflation rate in 2015 after sanctions over Ukraine came into effect. It was only kept below 5% through a combination of devaluation, au

Russia had double digit inflation rate in 2015 after sanctions over Ukraine came into effect. It was only kept below 5% through a combination of devaluation, austerity and high interest rates, all of which have ramifications. Americans love to complain about their 7% inflation rate in 2021, and that is just about the average in Russia over the past couple of decades.