Russia, like many other industrialized economies, has been experiencing inflation. 

Unlike, Western countries, Russia has been less generous with payments to tide over those hit by the pandemic. Nevertheless, inflation is reducing the standard of living of the majority of Russians Professor Evgeny Gontmakher Deputy Director of the Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences claims that part of the problem is the state statistical agency Rosstat that is creating a credibility gap by underestimating the inflation rate. 

It utilizes a consumer basket that includes such necessities as trips to Greece and China. Only the well-off in the major Russian cities can afford such commodities; most of Russia makes do with the bare necessities. If inflation was calculated based on the price of cooking oil, eggs, poultry etc., a much higher inflation rate would emerge.  To fight inflation and its consequences, Gontmakher recommends introducing a real-world consumer price basket.

"Any progress (and Russia certainly needs it now) begins with a sound analysis of things at hand. This also applies fully to understanding how rising prices actually reduce the already low standard of living enjoyed by majority of the country's citizens. Naturally, I mean a realistic analysis of the situation in healthcare, education, and other social sectors. Only on the basis of accurate information can ambitious, but attainable national goals be achieved."