Tridge summary
In 2021, Russia has seen its consumer inflation reach a high of 6.7% year-on-year in August, the highest since 2016, with food prices increasing by 7.7% over the same period. The Federal Antimonopoly Service (FAS) has conducted inspections to prevent unjustified price increases in socially important goods like buckwheat, which is nearing record prices. The price hikes are part of a global trend, with the Food and Agriculture Organization of the United Nations reporting a 33% increase in world food prices in August compared to the previous year. However, the Russian Ministry of Agriculture assures that there is no deficit in buckwheat production and attributes the price increases to a temporary shortage and global trends. Other food items like sugar, sunflower oil, chicken meat, and eggs have also seen significant price increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2021, consumer inflation in Russia is growing. According to Rosstat, in August prices in the country increased by 6.7% per year - this is the highest rate since 2016. Since August 2020, food prices have risen even more - by 7.7%. In August 2021, the Federal Antimonopoly Service (FAS) conducted a series of unscheduled inspections in the food chains Pyaterochka, Perekrestok, Magnit, Lenta and Karusel in order to prevent an unjustified increase in prices for socially important goods. After the FAS held negotiations with representatives of retail chains, they discussed adjusting the food margin. Finam.Ru tells how things are with food prices in Russia and in the world. If the yield on foreign currency deposits does not suit you, and there is no time or desire to choose shares for investment, consider the strategy of the Eurobond financial institution. Up to 15% per annum in $, investments in Eurobonds of large Russian banks and foreign countries. Buckwheat prices are close to ...
Source: Zol
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