The Russian Ministry of Industry and Trade has not recorded a significant increase in markups on bread and butter in stores

Published 2024년 10월 17일

Tridge summary

The Russian Ministry of Industry and Trade has not observed a significant rise in markups on bread and butter in retail chains, despite concerns about rising production costs and imported raw material prices. The ministry is collaborating with the Federal Antimonopoly Service to investigate the issue further. The average retail price for butter in Russia has increased by 20.4% since January, while the wholesale price remains unchanged. The largest retail chains in Russia have average markups on bread products that exceed 100%, according to the FAS, although the largest retailers claim their markups on popular bread items do not exceed 10-13%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Industry and Trade of the Russian Federation has not recorded a significant increase in markups on bread and butter in retail chains; the ministry, together with the FAS, is working on the issue of increasing prices for these goods. This was reported to TASS by the State Secretary and Deputy Head of the Ministry of Industry and Trade of the Russian Federation Roman Chekushov. "We are currently monitoring the situation with bread and butter, taking into account both publications and speeches by various heads of other federal agencies. I would like to say that so far the preliminary assessment that we have made suggests that we have not recorded any significant changes in terms of markups in retail chains for socially significant goods, essential goods. We analyzed information from the main chains yesterday. We are currently continuing to work with the Federal Antimonopoly Service, we are comparing our data and, probably, we will come up with some kind of joint ...
Source: Kvedomosti

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