World Economy

Russia Inflation 11%

Russia Inflation 11%Russia Inflation 11%

Inflation in Russia soared above 11% at the end of 2014 as the value of the Russian ruble plummeted, and economists say the worst is still to come, Tass reported. Preliminary data from federal statistics agency Rosstat show inflation hitting 11.4% for the year, propelled by the one-two punch of Russia’s ban on a range of western food imports and the steep devaluation of the national currency.