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Food Prices Rose By 31.6 Percent In Two Years
August 10, 2016 16:57


(Source: https://www.restoclub.ru/spb/review/chiefs)

Food prices in Russia grew by 31.6 percent during the two years of the food embargo mode. This was told to RIA Novosti by the Ministry of Economic Development. “Food prices rose by 31.6 percent in two years, they are 1.2 times ahead of inflation (general one - a comment by “Lenta.ru”) and contributed nearly a half of inflation to it - 46 percent” – the agency’s representative said.

According to him, the introduction of counter-sanctions significantly affected the growth of food prices in late 2014 and early 2015. But their influence decreased in the second half of 2015. “The food products market managed to adapt to new conditions: the reorientation of importers to other suppliers took place already in the first half of the year, the purchases were carried out at lower prices” - the Ministry stressed.

Earlier, on 26 July, the Minister of Economy of Turkey asked Russia to permit the import of products under the food embargo. On July 1 the EU extended economic sanctions against Russia until January 31, 2017.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

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