Potatoes and vegetables drive up inflation in Russia; authorities ban publication of price index

According to EastFruit, the Russian government has banned the publication of the FMCG (consumer goods) deflator index from the ROMIR research holding. The fact is that this index showed significantly higher rates of price growth than the official Rosstat figures, which could not but irritate the Putin regime. The index was no longer published at the moment when the annual price growth rate according to ROMIR began to approach 20%. Against the backdrop of a record high key rate for Russia, such high rates of price growth indicate a deep crisis in the country's economic and financial systems. Potatoes and vegetables have been named as the main culprits of inflation in the Russian Federation in 2024. However, professional economists have no doubt that, in fact, the reasons for the price growth lie in the huge infusions of budget funds into the war against Ukraine. Read also: Belarus has banned the free export of potatoes At the same time, vegetable prices have really risen sharply - ...