Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Food prices in Russia may rise by 15%

Food prices in Russia may rise by 15%
Photo: pixabay.com

Food prices in Russian stores may rise by 5-15%. This is due to an increase in their cost after the fall of the ruble at the end of March 2020. Some suppliers have already informed retailers about the nearest increase in selling prices by 20, 30 and even 50%.

According to RIA News With reference to the Association of Retail Companies, stores found themselves in a difficult situation, at the same time prices from suppliers increase and demand from customers decreases. According to ACORT, retailers minimize their own margin in order to keep the cost of products at the same level.

However, for a long time, according to experts, this will not succeed. Entrepreneurs lose profitability due to an attempt to preserve the assortment, and also incur large costs to provide protective measures for customers and employees.

September 28: current information on coronavirus in the Far East
Digest of regional events and latest statistics