Analysts recalled six rules of behavior during hyperinflation.
Financial expert Nikita Demin, in an interview with the media, listed the ways he knows how to save money despite inflation.
As he told “Channel Five ”, if there is enough money to invest in real estate, then it is worth doing it now.
The same Russians who have been able to save enough, but still have extra funds, can spend them on goods whose price will increase over time.
As an example, he named non-perishable food, household appliances and cars.
“These goods will become more expensive,” Demin explained.
At the same time, Russian experts explained whether it is worth buying products in advance and taking out loans in case of hyperinflation.
Their advice appeared in the InvestFuture telegram channel.
In their opinion, if the price increase reaches high levels, the least increase in the price of goods produced by local producers. Analysts point out that the authorities have stated that prices for socially important goods will be supported.
For the rest, experts advise to adhere to six principles.
- It is not necessary to purchase and store goods for no reason. With empty shelves, prices will rise even more, because there will be a shortage.
- Evaluate your work. If you work for a private company, there are risks of losing income. When working in government agencies, your employer can index your salary, as well as issue bonuses or provide benefits.
- Evaluate your family airbag and restore its target structure.
- Because of the high rates, do not rush to take out loans. They are expensive and at a key rate of 20%, but this is not the limit, hence the overpayment on the loan will be extremely high. There is a high risk of becoming a debtor.
- During the period of hyperinflation, the stock market is unstable and fraught with danger. But there is a way out: to invest in bonds that are protected from inflation – OFZ-IN. Their nominal value will grow along with the fall of the ruble.
- Be careful when buying goods and currency. During this period, the number of scammers increases.
As Topnews wrote, the fall of the ruble occurred against the background of the military special operation announced by Russia on February 24 in Ukraine.
After that, a number of anti-Russian sanctions were announced, which led to an alarming situation in the domestic sector of the economy.