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Friday, October 28, 2016

The food embargo increased the cost of the Russians by more than a third

Closing the access of foreign countries to the domestic market, the Russian government, on the one hand, gave a powerful impetus to the development of domestic producers, on the other — seriously hit the pockets of the population. According to the Minister, for the first two years of action of the anticancer value of food in our country grew by more than 31%. It is much more than officially recorded inflation, constituting during this period approximately 21%. According to Minister of economic development Alexei speaker, this year inflation will be 7-7,5%, and in the future will not exceed 5%. However, based on their experience of the past two years, food prices will rise much more.

photo: Natalia Muslinkina

Option 31% — that’s not a bad figure. It was made in June of this year. In February 2015 the growth of food prices was 52%.

Gradually, however, the situation began to improve. Russian farmers diminished foreign competitors, many companies have expanded production. In particular, pork production has increased in our country by 17%.

However, shortage of some products has led to their rise in price. Could understand if it was a Swiss cheese analogues or Australian lamb. Something similar to these products we supplies Belarus. But why expensive the most undemanding products in Russia should be in excess? Thus, according to Rosstat, from 1 January to 25 July 2016 potatoes in our country has increased in price by 42%, buckwheat — 30%, cabbage — by 27%. the minimum food basket since January has risen the national average of 6.7% in St. Petersburg — 7.1%, in Moscow — by 9.3%. And that’s just products that take away the inflation component about half. With the growth of prices for nonfood goods our wallets will grow thin even faster. So what about 7-7,5% inflation can be a speech?

According to the chief of analytical Department UK “BK-Savings” Sergei Suverov, despite the backroom talk, as long as Russia is not going to lift economic sanctions. “In this issue politics prevails over economy. Perhaps some relief to prices will give the resumption of relations with Turkey. However, there will first need to agree on the gas pipeline “Turkish stream”, as well as for the resuscitation of the tourism business. These questions are still not solved, so count on the decrease in grocery prices in Russia is not worth it”, — said the expert.

Sanctions . Chronicle of events

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