
Russian Economist Exposes 9% Inflation Lie: Real Rate is 17-18%
A Russian economist, Igor Lipsits, has challenged the official inflation rate in Russia, claiming that the reported 9% is a gross underestimation of the true figure, which he estimates to be between 17% and 18%. Lipsits supports his claim by pointing to the Central Bank's high interest rate, which he argues is a clear indicator of a much more severe inflation problem. He further criticizes the lack of transparency in the Russian government's economic reporting and the suppression of data that would allow for independent verification of the inflation rate. "The government is lying to the people," Lipsits asserts in the video. "They are manipulating the numbers to make the economic situation appear better than it actually is." This raises serious concerns about the reliability of official statistics and the potential for significant economic mismanagement in Russia. The high interest rate set by the Central Bank, significantly higher than the reported inflation, suggests a deliberate attempt to control the economy in the face of a much more serious inflation crisis. The suppression of data further underscores the lack of transparency and accountability within the Russian government's economic policies.