Retail prices for bread in Russia have increased by 1% since the beginning of the year

Published Aug 28, 2023

Tridge summary

Retail prices for bread made from wheat and rye-wheat flour in Russia have only increased by 1% since the beginning of the year, and the Ministry of Agriculture expects that price dynamics in this segment will not exceed general inflation by the end of the year. The domestic processing market is fully supplied with Russian grain and its products, and the quality this year is at a high level. While the gradual increase in grain prices will not significantly impact the cost of bread, production costs in other areas such as wages, electricity, and logistics are rising steadily.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Retail prices for bread made from wheat and rye-wheat flour in Russia have increased by only 1% since the beginning of the year; by the end of the year, price dynamics in this socially significant segment will not exceed the level of general inflation. This was reported to journalists in the press service of the Ministry of Agriculture of the Russian Federation. “Since the beginning of this year, retail prices for bread made from wheat and rye-wheat flour have increased by only 1%. The Russian Ministry of Agriculture expects that by the end of the year, price dynamics in this socially significant segment will not exceed the level of general inflation,” the report says. According to the ministry's estimates, the domestic processing market is fully supplied with Russian grain and its products, including baking flour. At the same time, the quality this year is at a high level - about 75% of wheat belongs to food classes. Prices for food wheat are currently below or at the level of ...
Source: Kvedomosti

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