Key findings:
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Overall price increase:
- Of the 118 product items analyzed, 114 showed price increases.
- The average increase in food prices was 13.8%, which exceeds the inflation rate of 10.34%.
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Leaders in price growth:
- The most noticeable price increases affected the following products:
- Potatoes: +140.7%
- Salmon caviar : +62.3%
- Onions: +41.5%
- Other products with high price growth: butter (+37.8%), lemons (+29.1%), chocolate (+29.0%).
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Products with small growth:
- Four products, on the contrary, saw a price reduction:
- Chicken eggs : -12.2%
- Buckwheat groats: -6.3%
- Minor declines were also recorded for chewing gum and grapes.
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Products with growth below the inflation rate:
- The price improvement below 10.34% affected products such asyogurt , squid, pork and a number of other frozen and processed foods.
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Update dynamics:
- The dynamics of food prices are monitored monthly and weekly, which allows us to quickly respond to changes in the market.
This study demonstrates current trends in the Russian food market and highlights the significant impact of economic conditions on household prices . The results of the study may be useful for both consumers and professionals in the field of agribusiness and retail.