Go to ...

The Newspapers

Gathering and spreading news from various Russian Newspapers

The Newspapers on Google+The Newspapers on LinkedInRSS Feed

Tuesday, February 21, 2017

The Bank of Russia said about the risk of “potato” inflation


The rising price of potatoes at the end of 2016 could trigger food inflation, the most recent issue of “what do the trends”, presented by the Bank of Russia. According to its authors, this year potato production in Russia will decline by 2.2 per cent towards 2015 and adverse weather conditions will have a negative impact on its quality, writes “Rossiyskaya Gazeta”.

As a result, most of the potatoes will be sold “from the field”, that is, immediately after collection. At this time the supply will increase and prices will drop. However, by the end of the year stocks of stored potatoes will decrease, and with stable demand and with the cost of storage will sell at high prices, stated in the newsletter.

Related posts:
The subsistence minimum decreased because of potatoes
Last chance to lure foreigners to Russia trying through tax free
The French head of the Union told about the action at Euro 2016
The expert explained how justified the complaints of the Krasnodar rice farmer Putin

Recommended

More Stories From Economy