By the end of 2023, the price of eggs in Russia may increase by 15% and the price of meat by 5%. This forecast NEWS.ru given Alexey Plugov, Director General of AB-Center.
According to the expert, the increase in egg prices may be due to both seasonal factors and the weakening of the ruble. He explained that imported feed additives and production equipment have become more expensive due to the depreciation of the national currency. Also, according to him, electricity is getting more expensive.
Plugov said wholesale beef prices broke records in April, but meat prices fell during the summer months. Despite this, the expert did not rule out that the prices of meat and meat products will increase.
According to the results of a survey conducted by the Public Opinion Foundation at the end of August, the increase in meat and poultry prices is felt by 40 percent of Russians. Additionally, survey participants also felt an increase in grain and pasta prices. The share of such respondents increased from 12% to 15%. Russians also pointed out that the prices of eggs, milk and vegetable oil increased by 16%, 23% and 14%, respectively.
At the end of July, experts of the Central Bank of the Russian Federation noted that inflation pressure will increase until the end of 2023. On August 15, the regulator raised the key interest rate by 350 basis points to 12% annually. The Central Bank stated that as of August 7, annual inflation was 4.4% against the 4% target.
Previously “socialbites.ca” saidHow does the key rate of the Central Bank of the Russian Federation affect inflation in Russia?
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