The Ministry of Economic Development said that the dynamics of food prices in Russia is generally stable

The dynamics of food prices in Russia is generally stable, with the exception of fruits and vegetables that fell in price seasonally from July 13 to 19. This is stated in the review "On the current price situation" prepared by the Ministry of Economic Development of the Russian Federation. Rosstat for the first time in a year recorded deflation last week, it amounted to 0.01%.

"The dynamics of food prices, with the exception of fruits and vegetables, remains generally stable," the ministry said in a statement.

Inflation in Russia in annual terms as of July 19 slowed to 6.5%. "In annual terms, inflation continued to slow down (6.5% y / y on July 19 after 6.56% y / y on July 12). The main constraining effect continues to have an accelerated decline in prices for fruits and vegetables and continued deflation in the service sector," - stated in the materials of the ministry.

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According to the Ministry of Economic Development, world food prices rose by 1.1% from July 1 to July 19, with palm and sunflower oil among the leaders of growth, while sugar fell in price. "In the food markets, the prices of most goods rose by an average of 1.1% in the period from July 1 to July 19 (in June they fell by 5.4%). In terms of price growth, palm and sunflower oils were in the lead (by 10.7- 15.7%) Sugar, on the contrary, fell in price (by 1-3.2% depending on the type of futures)," the review says.