Analyst Vernikov called the best way to protect savings from inflation

“It makes sense to invest in any tangible assets,” said Vernikov.

He also noted that the purchase of real estate protects against inflation, but not fully, since the market is unstable.

According to the investment analyst, "dollar savings will suffer a little less," as the US Federal Reserve has more room to raise its key rate.

In addition, Vernikov noted that buying shares in growing businesses would be a good investment.

Earlier, Russian President Vladimir Putin commented on the actions of the Russian government and the Central Bank in relation to inflation.

In July 

the head of the Russian Central Bank Elvira Nabiullina spoke about the situation with inflation in Russia. She also said that the Central Bank will continue to pursue a tight monetary policy.