Price hikes: why food prices are rising in Russia

15.11.2023
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Eggs were one of the most notable price increases in October, up 13.1% from September . Since the beginning of the year,The price increase was 18.7%, or 23.9% year-on-year. One of the reasons for this increase may be the increased costs of poultry maintenance, feed, and energy. Agricultural enterprises may also face problems in producing feed crops, which affects the cost of poultry feed.

Chicken meat also increased significantly in October. Over the past month, prices have risen by 3.7%, 29.1% year-to-date, and 26.8% compared to October of last year. This increase is explained by several factors. First, the increased cost of poultry feed, including grain and soybeans, may affect the final price of chicken. Second, the rising costs of raising and caring for poultry, including vaccinations and compliance with safety standards, may also affect the price.

In addition to eggs and chicken, some types of fruit and vegetable products have also increased in price. For example, prices for tomatoes increased by 31.1%, garlic by 8.5%, bananas by 5.8%, oranges by 3.6%, and grapes by 2.1%. However, some vegetables, such as potatoes , cabbage, carrots , apples, lemons, and beets , have fallen in price. This may be due to seasonality and fluctuations in the production of these fruits and vegetables.

In light of rising food prices , many consumers are wondering how to cope. One possible solution is to seek alternative food sources, such as cheaper meats or replacing eggs with plant-based products. It is also worth paying attention to seasonal products, which may be more affordable.

Rising food prices in Russia, especially for eggs and chicken, are a noticeable concern for consumers. This increase may be due to increased production and animal husbandry costs, as well as fluctuations in fruit and vegetable production. To improve the situation, consumers can seek alternative food sources and pay attention to seasonal products.

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