For many Europeans, the nearer they are to Russia, the faster their cost of living is rising.
The extent of a country’s dependence on Russia for its energy needs is a key factor, but not the only one, deciding how fast inflation has risen since Moscow’s full invasion of Ukraine in February sent fossil fuel prices soaring.
The Baltic states and the EU’s other eastern countries have been hit hard, as has Ukraine itself. Many of these nations have close ties to Russia and its energy supplies. But their higher inflation also reflects stronger recent economic growth and tighter job markets.
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