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Products in Russia may rise in price by 20%

Products in Russia may rise in price by 20%
In the next two weeks, food prices may increase. The largest suppliers have already warned retail chains about a likely rise in price in the next two weeks.
New food prices will be 5-20% higher depending on the category. According to Rusprodsoyuz, they write “News”, Primarily the increase will affect coffee, tea, spices, canned goods, pasta, as well as bakery products and fish.

The main influence on the cost was exerted by currency fluctuations and the spread of the coronavirus. At the same time, manufacturers and suppliers insist on a revision of prices by 15-20%. However, we are not talking about a sharp increase in prices: products will go up in price in two stages. All suppliers passed FAS verification. Anti-monopolists recognized them as not speculators: most of the goods are imported, therefore, the department recognized the increase in prices as justified.

Domestic products will also add to the price, but the point is in the price of packaging and other components. In the production of flour, pasta and bread, costs increased due to increased transportation costs.

Most of all, fish can rise in price, about 50% of which in the Russian market is import. And Russian fish is tied to the price of world markets, so the cost of even local species can seriously increase.
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