Currently stagflation is not a prediction, it's already clearly happening.
And it's the bad kind of stagflation, where production isn't even stagnant but declining.
We know for sure this is already happening in a big way in the food sector for major household items like eggs, butter, sugar and potatoes. With price hikes up to 70%, while the inflation is claimed to be "only" about 8%, which is twice the target of the Russian central bank. But in reality it's probably way more.

[–] [email protected] 9 points 2 months ago (1 children)

putler really fucks over everyone but the very elite with his destructive vanity projects

[–] [email protected] 13 points 2 months ago

Even the Elite is being fucked over, their values like real estate is being confiscated all over the world, they can't sail their luxury yachts internationally, and the value of the companies they own are being bled by Putin to support the war.
Obviously the elite is still filthy rich, but a lot of the privileges they used to enjoy have been taken away.

But the poor are really suffering (as always), if you are on a state pension, you very likely don't have enough to eat properly already.

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