Ministry of Economic Development on the current price situation on the Russian and world markets. August 20, 2025

1. Deflation continued during the week of August 12-18, 2025 (-0.04% n/a).

2. In the food segment, prices continued to decline (-0.20% n/a), including prices for fruit and vegetable products that fell by -3.7% n/a. Potatoes (-8.9% n/a), carrots (-6.2% n/a), onions (-6.7% n/a), cabbage (-6.3% n/a), and tomatoes (-7.4% n/a) continued to fall in price. For food products, with the exception of fruit and vegetable products, the rate of price growth remained virtually at the level of the previous week (0.09% n/a). Prices for sunflower oil resumed declining (-0.3% n/a), and cheese became cheaper (-0.1% n/a). The decline in chicken prices resumed (-0.1% n/a), and lamb prices were stable. Dairy products and pasta and cereals prices grew at near-zero rates (0.02% n/a and 0.04% n/a, respectively). Egg prices continued to decline (-0.1% n/a). Bread prices grew at the level of the previous week (0.1% n/a).

World markets

3. From 12 to 18 August, prices on world food markets fell by 1.2% (+1.4% the week before). In annual terms, food prices rose by 9.5% y/y in August. During the reporting week, prices for white SUGAR (-2.0%), raw sugar (-4.1%) and pork (-17.7%) fell. Wheat in France (+1.8%), corn (+3.0%) and palm oil (+1.7%) continued to rise in price. After stabilizing the week before, the cost of soybeans (+2.8%) and beef (+1.3%) increased. The cost of soybean oil and wheat in the US remained unchanged compared to the previous week.

4. On the global fertilizer market, prices decreased by 1.4% (-1.3% the week before) against the backdrop of cheaper nitrogen fertilizers (-2.7%). At the same time, the cost of mixed fertilizers stabilized. In annual terms, fertilizers increased in price by 46.9% y/y in August.