Russian food industry price growth accelerated to 2.3% in November and became the highest in 2024

Published Dec 18, 2024

Tridge summary

Food producers experienced a significant price increase in November, with a 2.3% rise compared to October, according to Rosstat. This follows a pattern of gradual price hikes throughout the year, with an annual increase of 8.7%. Beverage manufacturers also contributed to the trend, raising prices by 2.2% in November. Notably, prices for salmon caviar, sliced vegetables, potato flour, and vegetable oils saw substantial increases, while beet molasses and dry-cured sausages became cheaper. Brewers and producers of fermented beverages also increased their prices in 2023, with food producers seeing a 2% rise and beverages experiencing a 7% increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. December 18. INTERFAX.RU - Food producers increased prices by 2.3% in November compared to October, Rosstat reported on Wednesday. The pace of price growth accelerated: in October, compared to September, they grew by 0.9%, in September, compared to August, the growth was 1.4%. In August, compared to July, prices increased by 0.7%, in July compared to June - by 0.8%, in June - by 0.6%, in May - by 1.2%. In April, compared to March, a decrease of 0.3% was noted, in March compared to February - an increase of 0.5%, in February compared to January - by 0.8%. In January, compared to December 2023, a decrease of 0.2% was recorded. Since the beginning of the year, prices have increased by 8.9%, in annual terms - by 8.7%. Rosstat also reported that beverage manufacturers raised prices by 2.2% in November compared to October. The growth rate also accelerated. In October, they amounted to 0.9% compared to September, and in September, compared to August, they amounted to 0.4%. Since ...

Source: Interfax