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Fruit and vegetable prices in Russia may drop 15%

Fruit and vegetable prices may potentially decline by 15% in coming months, the Russian Ministry of Economic Development said on Wednesday.

"Inflation was 3.9% year-on-year in July, falling below the target level of the Bank of Russia. The dramatic slowdown of annual inflation was caused in the first instance by a significant drop in fruit and vegetable prices after supplies of the new harvest started. The potential of a fruit and vegetable price drop is not exhausted yet and could amount to 15% in the coming months," the ministry said.

A recent poll showed that rising prices and falling savings are among Russians’ biggest fears.

Source: blackseagrain.net

Publication date: 8/11/2017


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