The article looks at why inflation happened in Russia from 1996 to 2001. It talks about how the amount of money people want to hold, their income, and interest rates affect inflation. It also shows that after a financial crisis in 1998, printing more money and lowering the value of the Russian currency made prices go up. In the late 1990s, government spending was the main reason for high inflation. In the early 2000s, the central bank's policies made inflation worse by trying to control both money supply and the exchange rate. To fix this, Russia should either fix its currency value or let the market decide, but it needs to make other changes too.