While Fed Blows Off Inflation, Hawkish Bank of Russia Sees “Persistent” & “Prolonged” Inflation

Wolf Street: In Russia, the official rate of inflation was 6.5% in June. In the US, the official rate of inflation as measured by CPI was 5.4% in June. The CPI-W, which is used for the cost-of-living-adjustments to Social Security payments, was 6.1%. You see, there is barely any difference in inflation between Russia and the US. Third Seal: Scarcity on Earth 5 When He opened the third seal, I heard the third living creature say, “Come and see.” So