You’re missing that Russia started this with a much lower base. Increasing prices and decreasing growth for an average North American or West European would mea

You’re missing that Russia started this with a much lower base. Increasing prices and decreasing growth for an average North American or West European would mean that they would have to go somewhere cheaper for vacation this year and slightly adjust their consumption habits. When your net monthly income is ~$500 or less you might have slightly different concerns if you see prices rising by more than 20%. > and even more so if Russia turned off the gas tomorrow. Energy exports are the only thing keeping the Russian currency afloat, unless they want to go into full autarky mode this would hurt them more than the west (i.e. 40% of all gas in Europe comes from Russia, which is huge 80-90% of all Russian exports are fossil fuels and metals and most go to Europe).