Fruit and vegetable prices in Russia break records

Published 2024년 11월 18일

Tridge summary

Russia is experiencing high inflation rates due to increased prices in fruit and vegetable products, despite economic sanctions and record-breaking interest rates. Cucumber prices have risen almost three times, potatoes by 2.5 times, and tangerines and apples have doubled in price compared to last year. The situation is expected to worsen in winter and spring, with potential price increases of at least 50% for potatoes and apples. The high price of substandard apples and import restrictions contribute to the surge in prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, fruit and vegetable products make a serious contribution to the galloping inflation in Russia, which the Putin regime is fighting so desperately. Even despite the draconian fiscal measures and the increase in the key rate to a record 21%, with a clear target for its further growth, prices for the main set of fruit and vegetable products, according to EastFruit's weekly price monitoring, are at a record high. And this is at a time when the bins are at their fullest. And what will happen in winter and spring? Let's figure it out. Cucumbers turned out to be the leader in price growth, having risen in price almost three times in a year. On average, the wholesale price of cucumbers in the aggressor country at the moment was 2.8 times higher than last year's for the same period. Usually, the peak in cucumber prices is reached in February. For example, last season, cucumber prices increased in February by 3.3 times compared to the price in mid-November. ...
Source: Eastfruit

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