In an interview with GV Ajans on the program Hitting the Primer, Plekhanova Maria Dolgova, Associate Professor of Finance and Prices at PRUE, discussed the current trajectory of food prices in Russia. She noted that vegetables and fruits reaching peak ripeness in midsummer are already showing price declines, a trend she expects to persist for several weeks. Dolgova also forecast that autumn could bring price pressures for late-ripening goods, while many other items might begin to rise again as the season changes.
The expert highlighted that a substantial portion of Russian goods relies on imported equipment, packaging, and raw materials. This dependence means shifts in global supply chains or exchange rates can directly influence domestic pricing structures.
She explained that elements such as margarine prices are closely linked to the cost of palm oil, while beer prices are affected by hops sourced abroad. The share of imported components is notably significant in the production costs of cheese, sausages, and confectionery items. Dolgova warned that these cost dynamics could push prices higher for a wide range of products by autumn.
Moreover, the cost of packaging materials, which continues to trend upward, plays a crucial role in shaping the final price of consumer goods. As packaging becomes more expensive, manufacturers often pass the additional costs on to shoppers.
Dolgov also drew attention to the vulnerability of imported foods such as tea, coffee, and various fruits. The prices of these staples are often tied to harvest yields, logistics expenses, and ongoing regulatory measures that can constrain supply. This combination of factors raises concerns about affordability and access for consumers later in the year.
Recent projections from the National Rating Agency indicate a potential 5 percent increase in chicken prices during the second half of the year, underscoring how sensitive prices remain to multiple overlapping forces in the market. Analysts emphasize the need for careful monitoring of import costs and domestic production trends to gauge whether other product categories will follow a similar pattern. According to industry observers, any sustained rise in chicken prices could have a wider impact on grocery bills and meal planning for households across Russia.