Incurable Disease: Accelerating inflation is the flip side of ‘military Keynesianism’ and economic growth under the conditions of sanctions and the 'special military operation'
Weekly price growth in the second half of June significantly intensified, projecting double-digit inflation rates on an annual basis. For the first time since December 2023, ordinary citizens have also noted this acceleration. Business costs and price expectations are rising in all major segments. The main reason for the acceleration of inflation is the intense growth in consumer demand, which is supported by rising household incomes and high levels of lending.