MARCH: growth in food prices due to the persistence of negative trends in foreign markets

October 13, Minsk. The growth in food prices is due to the persistence of negative trends in foreign markets, BelTA informs with reference to the analytical information of the Ministry of Antimonopoly Regulation and Trade.

In September 2021, the annual increase in consumer prices as a whole amounted to 10.2%, prices for socially important goods - 9.9%. The increase in annual growth was mainly influenced by the rise in prices for meat and meat products, goods in the fruit and vegetable segment against the backdrop of an increase in regulated prices for motor fuel, as well as a planned increase in tariffs for housing and communal services and higher education services.

"The increased growth in food prices is mainly due to the persistence of negative trends in foreign markets. According to MART, the annual increase in world food prices in September 2021 remained at a level of over 30%, in Russia food prices rose by 10.2% over the year ( general inflation accelerated to 7.4% - the highest value since June 2016)," the ministry said.

In annual terms, there is an acceleration in the increase in prices for goods in the fruit and vegetable segment to 14.2% (6.8% in August 2021), confectionery - up to 15% (13.3%), meat and meat products - up to 13.8% (10.9%), milk and dairy products - up to 7% (6.3%), synthetic detergents - up to 9.5% (5.9%).

In the area of ​​permanently regulated pricing, following the results of September, the increase in prices and tariffs in annual terms amounted to 10.4%.

In September, compared to August, there is an increase in prices for meat and meat products by 3.9%, fruits (of imported origin - citrus fruits and bananas) and vegetables by 5.5% and 10.6%, respectively, as well as clothing.

Over the month, there is an increase in prices for tobacco products (by 1.1%), vodka (by 0.4%), as well as a planned increase in tariffs for housing and communal services (hot water supply - by 9.5%) and higher education services ( by 8.3%, last year the increase was made in March). The increase in prices for motor fuel continues (about 2% per month) due to the increase in world oil quotations .