Russia’s cost of living soars by more than 14%

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The increase in the glass float allowed traders to remove the restriction to exchange bottles at point of purchase.

THE cost of living in Russia is surging following the country’s invasion of Ukraine, according to new data.

Official figures show price of some household staples – such as sugar – have jumped by as much as 14% over the past week.

Inflation is set to keep rising in Russia where the rouble has fallen sharply since the Ukraine war began.

The value of the currency has dropped about 22% this year, and this has pushed up the cost of importing goods.

The inflation data came as the Russian stock market resumed trading on Thursday after a month-long hiatus, with the majority of shares rising in a volatile trading session.

The benchmark Moex index was up by around 5.6% at midday in Moscow. –bbc.com

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