Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Local Syrian sources: The village of Al-Thala in the western countryside of Sweida was subjected to mortar shelling, with explosions heard in the area.
Occupied Palestine: Very violent Israeli raids target Tal al-Zaatar in Jabalia, north of the Gaza Strip.
Occupied Palestine: 15 martyrs were recovered as a result of the ongoing Israeli raids on the city of Beit Lahia and the Jabalia camp in the northern Gaza Strip.
Al Mayadeen's correspondent in occupied Palestine: More than 300 martyrs and 500 wounded in three days of ongoing Israeli raids on the Gaza Strip.
Occupied Palestine: The occupation aims to ethnically cleanse the Sultan area near the Zikim settlement.
Occupied Palestine: The IOF is besieging a school housing displaced persons in the Al-Sultan area, north of the Gaza Strip.
Occupied Palestine: Dozens of martyrs and wounded, mostly children and women, in Israeli raids on the northern Gaza Strip.
Al Mayadeen's correspondent in occupied Palestine: The Israeli occupation is committing genocide in Beit Lahia, north of the Gaza Strip.
Occupied Palestine: The Indonesian hospital is filled with martyrs and wounded after the IOF bombed homes in northern Gaza.
Occupied Palestine: IOF aircraft targeted a tent on Al-Madrasa Street in the Al-Mashrou area, west of Khan Younis, in the southern Gaza Strip

Inflation in Russia down to 13% in October, from 18% in April

  • By Al Mayadeen English
  • Source: Agencies
  • 1 Nov 2022 15:55
2 Min Read

Despite the sanctions, inflation rates in Russia have cooled down significantly since April.

  • x
  • Russian Central Bank.
    Russia's Central Bank.

Inflation is down from 18% in April 2022, reaching 13% in October despite the escalating sanctions and pressures, according to Mikhail Mishtusin, Russia's Prime Minister. 

"Russia continues to face mounting pressure. More than 12,000 unilateral restrictive measures have been adopted against our country. They affect key financial institutions, technology, oil and gas, mining, transport, and other economic sectors," Mishustin told a meeting of the Shanghai Cooperation Organization. 

The Prime Minister stated that Russia managed to overcome the worst, and also managed to set conditions that function to stabilize economic dynamics, sustain public finances and allow for the eventual recovery of consumer demand and investment activity. 

"By the end of October, inflation in Russia amounted to 13% against about 18% in April of this year," Mishustin specified.

The Russian Central Bank predicted that the country's inflation rate in 2022 would be between 12-13%.

Related News

Trump, Putin may soon finalize Ukraine peace agreement

Russia on Baerbock's nomination for UNGA chief: ‘Spit in face’ of UN

In August, the Central Bank of Russia stated that the economic adjustment process could take up only 1.5 years.

In the draft Monetary Policy, the bank said “the Bank of Russia assumes that the restrictions imposed will remain as forecast. The process of economic adjustment to these may take up to 1.5 years".

When the economy reaches a new equilibrium, economic activity will begin to recover, as per the bank.

The bank believes that the Russian economy will face unprecedented Western sanctions as a result of Moscow's war in Ukraine. 

It also forecasted a 4-6% decline in GDP in 2022 and a 1-4% decline in 2023. Inflation, according to the forecast, will fall to 5-7% in 2023 and close to 4% in 2024.

Since the beginning of the war on February 24, 2022, the US and the EU have multiplied punitive measures to isolate Russia by targeting its banking system, and freezing the assets of its leaders, and its industries.

Read next: US sanctions on Russia likely to boomerang, drive inflation higher: Banker

  • Russia
  • inflation
  • Russian Central Bank

Most Read

A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
President Donald Trump, left, greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington (AP)

US pressures 'Israel' for Gaza deal; Witkoff's Israeli rebuke leaked

  • US & Canada
  • 9 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Syria's interim president, Ahmad al-Sharaa, listens during a joint press conference with French President Emmanuel Macron after a meeting at the Elysee Palace in Paris on May 7, 2025 (AP)
Politics

Israeli, Syrian officials met secretly in Baku: Report

Israeli settlers lay on the ground as sirens sound amid the detection of a Yemeni missile, May 15, 2025 (Social media)
Politics

Yemeni missile halts Ben Gurion airport activity: Israeli media

500,000 Syrian refugees return since regime change
Politics

500,000 Syrian refugees return since regime change

Iranian Foreign Minister Abbas Araghchi, left, speaks with his Emirati counterpart Sheik Abdullah bin Zayed al-Nahyan during their meeting, in Abu Dhabi, United Arab Emirates, Monday, May 12, 2025 (AP)
Politics

Iran’s Araghchi: West chose talks after failing militarily

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS