It might not be equal consolation for a global economy in recession, but inflation is not a problem in Russia presently, as everything from fuel to food, clothing to housing have stopped their inflationary trends of the past few years and have decreased in their cost. The Russian electric industry will be at least partially deregulated in the near future and hopefully any price increases resulting from this will be muted by price decreases in other areas. Long-term, this is good news for Russia as now people and businesses will be confronted by a more realistic cost of energy, thus encouraging them, in acts both big and small to be more efficient in energy’s use.