The price of sugar, bread and milk is on the rise as Russia is cut off from the western world
According to new data, The cost of living in Russia is surging
Official figures show price of some household staples – such as sugar – have jumped by as much as 14 per cent in just 7 days.
Inflation is set to keep rising in Russia where the rouble has fallen sharply since the Ukraine war started a few weeks go.
The value of the currency has dropped by a quarter this year, pushing 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.
