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The original was posted on /r/worldnews by /u/thisisinsider on 2023-12-14 22:48:28.
Putin apologizes for the price of eggs as Russian inflation soars
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.businessinsider.com/putin-apologizes-for-egg-prices-as-russian-inflation-soars-2023-12?
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
Vladimir Putin apologized for Russia’s inflation problem this week, making a rare admission of the nation’s precarious economic situation since it first began its invasion of Ukraine last year.
The Russian president conducted an annual end of year question and answer session with members of the Russian media and the public, with one pensioner, Irina Akopova, questioning the president about the soaring prices of eggs and chicken, per Reuters.
Russia is planning slash duties on 1.2 billion eggs imported in the first half of 2024 in attempt to lower costs for consumers.
Still, inflation overall in Russia is roaring, with prices in the economy rising 7.4% year-over-year in November, according to Rosstat data.
That’s double the Central Bank of Russia’s inflation target, which aims for prices to grow 4% annually.
Economists are warning of a bleak future ahead for Russia, though Putin has claimed the nation is headed for a new growth phase.
The original article contains 293 words, the summary contains 153 words. Saved 48%. I’m a bot and I’m open source!