Russia has the Lowest Inflation in Europe

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by Chris Black

Western sanctions have been great for Russia.

Their economy is doing better than ever.

This is obviously the opposite of what the sanctions were ostensibly designed to do, which was to cause the Russian economy to collapse due to devaluation of the currency.


Inflation in Russia has continued to slow through May, Prime Minister Mikhail Mishustin told a Shanghai business forum on Tuesday, noting that the indicator is currently the lowest in Europe.

“As of early May, inflation slowed to 2.3% year-over-year. This is the lowest figure among all European countries,” Mishustin stated. The indicator continued to fall after a sharp drop to 3.51% in March from 10.99% in February. It is currently well below the government target of 5% for the year.

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