According to him, inflation in Russia is about 12% per year.

“And in European countries, 17, 20, over 20. That is, for the European economy, absolutely prohibitive values,” Putin said at a press conference following his visit to Kyrgyzstan.

Earlier, MEPs called for a tough course on the United States because of the law to reduce inflation.

In an interview with RT, Candidate of Economic Sciences Mikhail Belyaev commented on the statement by European deputies Markus Ferber and Bernd Lange about the need to take a tough course against the United States because of the inflation reduction law signed by President Joe Biden.