Rosstat: annual inflation reached a five-year record in June

Annual inflation in RUSSIA in June accelerated to 6.5%, which is a record high since August 2016. Compared to the previous month, consumer prices rose by 0.69%, according to Rosstat. The price of beet rose especially strongly in June compared to May - by 58.4%, carrots became more expensive by 37%, potatoes - by 20.3%. Cucumbers fell in price by 21.8%, tomatoes - by 16.2%, bananas - by 4.5%. The growth in prices for cabbage amounted to 14.3%, grapes rose in price by 2.8%, mayonnaise - by 2.7%, fish - by 2.4%. Buckwheat rose in price by 1.7%, SUGAR - by 0.8%, sunflower oil - by 0.5%, eggs fell by 12.2%.

Rosstat also published the consumer price index from June 29 to July 5. During this period, on average, prices increased by 0.46%, since the beginning of the year the growth was 4.53%. For the week, carrots (5.4%) and cabbage (3.6%) became the leaders in terms of price increase. At the same time, in general, fruit and vegetable prices fell by an average of 1.4%, including prices for cucumbers decreased by 6.3%, tomatoes - by 5.1%, potatoes - by 3.2%, onions - by 1.3%. MEAT prices remained almost unchanged, the growth was from 0.02% for chicken to 0.5% for lamb. Eggs on average in the country fell by 1.1%. The cost of butter decreased by 0.2%, sour cream - by 0.1%, drinking MILK went up by 0.1-0.3%, cheese - by 0.3%.

By autumn, due to a sharp decline in profitability, both in the production of raw materials and in processing, milk prices will rise, Artem Belov, general DIRECTOR of the National Union of Milk Producers (Soyuzmoloko), predicted in early July. According to him, the increase will be 7-10%. 

FAO: world food prices fell in June for the first time in a year. However, the figures are almost 34% higher than the level of 2020 

At the end of June, President Vladimir Putin  noted that food prices in Russia would fall with the arrival of a new crop. The Ministry of Agriculture spoke in a similar way. The director of the Fruit and Vegetable Union, Mikhail Glushkov, said that prices for borscht vegetables would go down around mid-July, when the new crop began to hit the shelves en masse. 

And this fact will be taken into account when preparing the monthly analytical report Meatinfo.ru    

Meat prices will remain stable this year, the Ministry of Agriculture believes. According to the ministry, this will be facilitated by the saturation of the domestic market, together with growing competition. Director General of the National Union of Pig Breeders (NSS) Yuri Kovalev said that the prices for pork and beef are now really quite stable, and price fluctuations are associated with seasonal factors. Konstantin Korneev, Executive Director of Rincon Management, confirmed that so far there are no prerequisites for significant fluctuations in meat prices.