News

In Russia, a decrease in consumer prices for margarine was recorded

Margarine
Russia
Published Oct 7, 2022

Tridge summary

In the period from September 27 to October 3, 2022, consumer prices for sunflower oil in Russia grew slightly, while margarine, on the contrary, fell in price. This is reported by analysts of the Federal State Statistics Service (Rosstat) in their monitoring. Thus, according to the agency, during the reporting period, oil in the Russian Federation became more expensive by 0.03% against a decrease of 0.05% in the previous week under review.

Original content

As reported earlier in the Accounts Chamber, deflation in the Russian Federation may continue in early October, which will be facilitated by a number of factors: among them, a seasonal decline in food prices, primarily fruits and vegetables, flour, sugar, sunflower oil, subject to a good harvest. At the same time, the Ministry of Industry and Trade stated that there would be no state regulation of prices in the country, since it could negatively affect the economy, up to a shortage of goods. “The continuous state regulation of prices can have a negative impact on the economy, up to a shortage of goods and the ruin of manufacturers and trade organizations. Therefore, we consider it expedient to use market methods as much as possible and carry out work on individual groups ...
Source: Oilbranch
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