1.   A country with a high inflation rate relative to competitors will generally experience a depreciation in the future external value of its currency.

2.   A high inflation figure would work against an interest rate cut, Rosenberg said.

3.   A long period of high inflation will eventually reduce the value of your nest egg.

4.   Ancient economies were routinely ravaged by high inflation, which almost always shakes the political structure until its leaders tumble down.

5.   High inflation will make unemployment worse.

6.   High interest rates and high inflation mean a recession is not far away.

7.   Previously, people invested in dollars during high inflation because the ruble steadily depreciated.