In Russia, food prices rose 7.5 times more than in the EU
Food prices in Russia in January 2021 increased by 8.2% compared to January last year, Rosstat reported (.pdf). In the EU countries, food prices for the year rose 7.5 times less – by 1.1%.
Most of the year in Russia vegetables have risen in price – by 17.5%. In the European Union, their prices increased by 0.2%. Also, according to Rosstat, the most noticeable rise in prices for fruits (+ 13.5%) and sweets (sugar, jam, honey, chocolate and sweets – + 13.7%) in Russia.
Earlier, Bloomberg included Russia along with Turkey, India, Brazil and Nigeria as hot spots for food price increases. The agency cited demand from China, the vulnerability of supply chains and unfavorable weather conditions as the reasons for the rise in prices. The authors of the material noted that the containment of food prices by the state could lead to an increase in inflation. The Ministry of Economics called the agency’s analytics speculative.
About the dynamics of food prices – in the material “Kommersant” “Food prices reached a six-year maximum.”
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