This is reported by The Moscow Times citing Rosstat. Reported by biz.nv.ua. This information comes from Контракти.UA.
“Inflation in Russia continues to accelerate, despite the Central Bank's interest rate hike and the government's attempts to regulate prices at the level of retail chains,” the publication states. — “In the week from December 10 to 16, the consumer price index increased by another 0.35%, while annual inflation accelerated to 9.52% - a new high since January 2023.”
At the same time, “food inflation continues to dominate.”
Since the beginning of the year, the price of potatoes has risen by 88.8% after frosts, floods, and heat destroyed 20% of the crop, or 1.6 million tons.
The price increase for onions has accelerated to 45.4%, for cabbage to 40.3%, and for beets to 30.8%.
According to Rosstat, butter has become 1.8% more expensive since the beginning of December and 34.4% since the start of the year, despite the government's decision to open imports from India, Iran, Turkey, and the UAE.
The price of milk has risen to 19.1%, while sour cream has increased to 18.5%.
Since the beginning of the year, prices for lamb have increased by 22.6%, for beef by 12.4%, for bread by 14.3%, for carrots by 14.1%, and for apples by 18.4%.
“Inflation is out of control; price increases are not only not slowing down, but are actually accelerating,” the publication states. — “The prospects for combating inflation through an increase in the supply of goods, which the authorities are contemplating, remain quite vague for now. The resources of industry and the economy are focused on the production of tanks and bombs, while opportunities for imports are narrowing due to sanctions and payment issues.”
As reported, starting January 1, 2025, minimum retail prices for strong alcoholic beverages will rise in Russia. The minimum price for vodka will increase by 50 rubles, or 17%, to 349 rubles for 0.5 liters.