Food prices in Russia and their change in a year as of May 2021

Published 2021년 6월 24일

Tridge summary

Inflation in Russia has reached 6.30% from May 2020 to May 2021, with 76 out of 121 goods experiencing price increases above this rate. The most significant price hikes were observed in table beets (83.0%), carrots (55.3%), potatoes (51.6%), sugar (39.2%), salmon caviar (31.3%), nuts (28.8%), and sunflower oil (28.4%). However, food prices are expected to decrease in August and September, as the market is replenished with new crop stocks. Some foods, including lemons, onions, garlic, and millet, have seen price decreases. Despite the inflation, exports of the Russian agro-industrial complex are projected to increase to $35.4 billion in 2025.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Note that inflation in the country for the year (if we compare May 2020 and May 2021), according to the inflation calculator on the website inflation rate.rf, was 6.30%. The rise in prices above the inflation rate is demonstrated by 76 goods out of 121. Positive trends However, the situation around food prices is generally optimal. As expected, a significant weakening of prices will begin in August and intensify in September-October, when the market is replenished with stocks of agricultural raw materials from the new crop. Leaders in the growth of food prices To a greater extent, the increase in prices affected table beets (+ 83.0%), carrots (+ 55.3%), potatoes (+ 51.6%), sugar (+ 39.2%), salmon caviar (+31, 3%), nuts (+ 28.8%), sunflower oil (+ 28.4%), chicken eggs (+ 27.8%) and cucumbers (+ 25.8%). Foods showing price increases above 10% In addition to the above goods (the first group), a significant increase in prices (by 10% and more) is also noted for mayonnaise, margarine, ...

Source: Food Retail Russia