Russian retailers maintain affordable prices for bread despite rising wholesale prices

Russian retail chains maintain affordable retail prices for bread, as well as for other socially significant goods, despite the growth of wholesale prices for it, Igor Karavaev, Chairman of the Presidium of the Association of Retail Companies (AKORT, which unites the largest Russian retailers), told TASS. "This year, there has been a high dynamics of wholesale prices for bread, but regardless of this growth, chain retail continues to fulfill its obligations and provide affordable retail prices for socially significant goods for buyers, including bread and bakery products," Karavaev said. Thus, according to him, over the past month, purchase prices for wheat bread of the socially significant category have increased by 2.4%, and retail prices - by an average of 1.3%. In turn, the average markup on the most popular items of "first price" wheat bread (the category of the most affordable socially significant goods - TASS note) since the beginning of this year is within 4-10%, rye bread ...