Russia
Compared with Iceland, using real observed prices.
Baseline: 
Iceland = 1×
Russia
vs
Iceland
Overall verdict
Russia is about 0.46× Iceland.
Average across 2 categories, 5 items with data
The shape of prices (vs Iceland = 1×)
How to read this
The centre line is Iceland. A bar running right means Russia is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Iceland
Iceland = 1×
Russia is pricier →
Iceland
Iceland = 1×
Russia is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Russia, Diesel 1L costs 0.6× what it does in Iceland — but Electricity 1kWh (household) costs only 0.4×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×0.55Russia
ISK 131
USD 1.037Iceland
ISK 237
USD 1.878
-
Gasoline 1L 1 L ×0.54Russia
ISK 117
USD 0.925Iceland
ISK 218
USD 1.727
-
Electricity 1kWh (household) 1 kWh ×0.39Russia
ISK 9
USD 0.069Iceland
ISK 22
USD 0.179
See what really changed
Big Mac, 2017 → 2022At the timeUsing the exchange rate of each date
-1%
in RUB
137 → 135
137 → 135
vs
At today's rateUsing today's exchange rate
-57%
in ISK
It rose -1% in local currency, but -57% in yours. Most of what you feel is the exchange rate, not Russia's inflation.
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