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is CBS In The World. I'm John Bachelor. The Russian economy. I welcome Michael Bernstein of the Hoover Institution

to help me interpret anecdotes, one in particular being reported by AFP of

France. I'm horrified, said 76-year-old Yellisaveta Shalal-Yevskaiaka. I'm horrified what's going on with prices is a nightmare and

not just for eggs but for everything. A 21 year old student earlier contributes contributes to the article I used to buy eggs for 70 rubles at

the shop now it costs around 130 to 140 michle a very good evening to you. Inflation, that's bigger inflation that is being reported

from the Russian Central Bank or from the Kremlin. This is the inflation you said was going to tear down Russia. Right now it's making people

hungry. Where did this come from? Good evening to you Michael.

Good evening to you, and the Irish inflation is 7.5% which is not high even by our standards we had

it already 8% a year ago but it is important what kind of inflation in which population groups it affects.

And the bulk of it is the food inflation, not the luxury items, not the important goods,

but the food and the food the two items which affect most

people especially low-income people the staples are eggs and bread. And bread since the beginning of the year I've calculated

is about 20% up and eggs are exactly calculated by the Russian official statistical agency

...