Russia's annual inflation rate has hit its highest level since 2016, new government statistics show, meaning consumers are paying more at the tills for essential items, with prices of food and other products rapidly increasing. Data published by the national statistics agency Rosstat on Wednesday puts the overall inflation rate in August at 6.7%, higher than at any point in the last five years. While prices only rose by 0.2% since the previous month, an average basket of goods has increased significantly in the past year. Food products have become more expensive in Russia by 8.5%, while non-food items rose by 7.9% since August 2020. Ev
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