In Russia, food prices rose to a 9-year high

By the end of 2024, inflation in Russia has accelerated by almost a third, despite the Central Bank of the Russian Federation raising the rate to the maximum in two decades and attempts by the authorities to directly control prices in the retail chains. The Moscow Times writes about it.

According to Rosstat, the consumer price index increased by 9.52% throughout the year (after an increase of 7.42% in 2023), and the annual food inflation reached 11.05% and became a record since 2015 (then food prices increased by 14%) .

Economic prices at the end of December, on average, increased by another 1.32% compared to November, when the monthly inflation recorded since April 2022 (1.43%).

The final annual inflation rate entered the highest peak in the past 15 years: according to official statistics, prices grew only in 2022 (11.94%) and during the economic crisis after the annexation of Crimea (in by 11.35% in 2014 and 12.91). % – 2015).

In Russian grocery departments of supermarkets, prices have risen by tens of percent and continue to rise.

Thus, potatoes increased in price throughout the year by 90.5%, cabbage – by 42.6%, onions – by 46.5%, beets – by 32.3%, butter – by 35.2%.

The increase in prices for milk reached 18.2%, for sour cream – 19.2%, for cheese – 14.2%. Apples became more expensive than the year by 20.2%, cucumbers – by 22.1%, lamb – by 23.1%

According to experts, the sharp fall in the ruble exchange rate at the end of the year, after which the dollar was consolidated above 100 rubles, promises an unfavorable forecast for the beginning of 2025.

Let’s remember that the growth of the Russian economy during the war passed its peak, and is now declining.