Food prices in Russia and their change for the week and month, data as of May 27, 2022

According to the latest data from Rosstat, as of May 27, 2022, when compared with the values ​​of a week and a month ago, food prices by type in Russia as a whole continue to strengthen.

One of the most significant and positive trends of the week is the fact that the growth rate of retail food prices is gradually slowing down. We also note that some food products, which previously showed a significant increase in prices, "rolled back in price."

The AB-Center analyzed the weekly dynamics of prices for 44 products, of which fourteen products decreased during the week, and nine products decreased during the month.

Weekly food price change

Price growth leaders (TOP-5) for the week

According to AB-Center's calculations, to a greater extent, the increase in prices over the week affected such food products as potatoes (+2.6%), soft candies glazed with chocolate (+1.3%), dry milk formulas for baby food (+1 .0%), onions (+1.0%) and apples (+0.8%).

The increase in apple prices is largely due to a reduction in import supplies, as well as high purchase prices for imported products that entered the market in March-early April. In addition, in the spring, there is a slight reduction in stocks of domestic products.

Food products showing the lowest price increase in a week

Relatively low price strengthening over the week affected sour cream (+0.08%), millet (+0.1%), pasteurized milk (+0.2%), cottage cheese (+0.2%) and butter (+0, 2%).

Food items that have dropped in price in a week

As for the price reduction, it affected fresh cucumbers (-11.6%), fresh tomatoes (-7.7%), fresh white cabbage (-4.3%), chicken eggs (-3.0%), beets canteen (-1.3%), granulated sugar (-0.9%), carrots (-0.7%), pork on the bone (-0.5%), chicken meat (-0.3%), buckwheat groats (-0.3%) noodles (-0.2%), pasta from premium wheat flour (-0.1%), canned vegetables for baby food (-0.1%) and wheat flour (-0.04%).

The fall in cabbage prices, according to AB-Center, is largely due to the seasonal expansion of supplies from abroad.

Monthly food price change

Price growth leaders (TOP-5) for the month

Over the month, a significant increase in prices affected the following products: potatoes (+11.6%), onions (+10.6%), apples (+5.4%), margarine (+5.1%) and dry milk mixes for baby food (+3.5%).

Food products showing the lowest price increase in a month

To a lesser extent, prices for vermicelli (+0.05%), pasta made from premium wheat flour (+0.1%), vodka (+0.5%), wheat flour (+0.6%) strengthened over the month , frozen whole fish (+0.6%).

Food products that have decreased in price in a month

Over the month, prices for fresh cucumbers (-25.6%), fresh white cabbage (-17.7%), fresh tomatoes (-14.1%), chicken eggs (-11.9%), table beets (- 5.8%), granulated sugar (-3.3%), carrots (-1.4%), pork on the bone (-0.9%) and chicken meat (-0.7%).

On the reasons for the decline in prices for certain food products

The fall in cabbage prices, according to AB-Center, is largely due to the seasonal expansion of supplies from abroad.

The cost of eggs decreases due to seasonal factors (increase in supply in spring and summer).

Seasonal factors also contribute to the decline in prices for tomatoes: an increase in the supply of greenhouse products.

Cucumbers for the week and for the month also decreased in price for the same reason. In general, over the past three months, prices for cucumbers sank by 42.6%.

Agricultural production increased by 2.3% in four months

The cost of granulated sugar during the month is gradually decreasing due to a decrease in demand. Earlier in February-March, rush demand led to higher prices. Now, those groups of the population that at that time bought sugar in volumes that significantly exceeded current needs, had a high level of stocks of this product. Demand from such households fell almost to zero in May.