Economist reported an increase in carrot prices in Russia 05:34

From June 15 to June 22, 2024, the so-called Bears Index increased by 0.1%, compared to a decrease of 0.3% in the previous week. That is, inflation accelerated somewhat in Russia, and the increase in the index was due to the increase in carrot prices. The author of the index, Alexander Abramov, head of the Laboratory for Analysis of Institutions and Financial Markets at the Institute of Economics and Economics of the Presidential Academy, told socialbites.ca about this.

“Of the 14 products during the week, only the price of carrots increased by 6.9%, while the price of sunflower oil decreased (-5.8%). Prices of other goods in the index remained unchanged. An interesting fact is that the cost of a basket of 14 goods has practically not increased for the third consecutive week, contrary to widespread expectations of an increase in the current level of inflation in the country,” the economist noted.

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Alina Dzhus/socialbites.ca

The Bears Index basket consists of 14 popular grocery items: candies – Fruit-Tella gummy bears and “Bears Bears” (hence the name Bears Index), J-7 orange juice, cheapest white bread, carrots, bananas, Matias herring, milk “House in the Village”, sunflower oil “Oleina”, the most affordable chicken carcass, tea “Akbar”, butter “Prostokvashino” and processed cheese “Fetaksa”.

In May 2024, the Bears Index increased by 8.7% compared to May 2023. The index increased by 11.2% in April. In other words, annual inflation in Russia began to gradually decline. Central Bank Governor Elvira Nabiullina to put My goal in SPIEF 2025 is to bring inflation to the 4% target in Russia. According to the Ministry of Economic Development, annual inflation in Russia was 8.46% as of June 17, 2024.

Previously on “BCS World of Investments” guess Achieving 4% inflation by mid-2025.