The head of the Central Bank of the Russian Federation explained the rise in egg prices by increased demand

The cost of chicken eggs has increased due to growing demand, which is outpacing supply from suppliers. This was stated by the head of the Bank of Russia, Elvira Nabiullina, in an interview with RBC. Earlier, Russian President Vladimir Putin indicated that the cost of chicken eggs in Russia has increased due to increased demand amid rising household incomes. “First of all, in our case, the high growth in demand outstrips supply,” Nabiullina said, commenting on the increase in prices for chicken eggs. “When the rate of price growth is high, something constantly goes up,” she added. Nabiullina recalled that in 2021, “first one type of goods, then another” also rose sharply in price. In Russia, in recent months there has been an increase in prices for chicken eggs. According to Rosstat, in November, eggs rose in price by 15.07% compared to October, and since the beginning of the year, the cost of chicken eggs has increased by 36.54%. On December 13, the Ministry of Agriculture ...