Tumbling rouble claws back ground as central bank to meet

Ignoring the government's flim flam, here's what is actually happening:

High consumer lending, along with a stark labour shortage and wide budget deficit, have all fanned inflation this year.

In some ways, that matches with conditions in the US that led to the recent spate of inflation.

• High consumer lending - government stimulus checks
• labour shortage - same, but from COVID aftermath instead of war
• wide budget deficit - same, but from unsustainable policies by the government instead of war