Price growth for chicken, fish, and soup-set vegetables has accelerated at a record pace amid the fuel crisis

Price growth for chicken, fish, and soup-set vegetables has accelerated at a record pace amid the fuel crisis

Chicken, fish, soup-set vegetables, medicines, cigarettes, smartphones, and some other goods in Russia rose in price at a record rate in June and in the first week of July this year compared with the same periods in previous years of the war in Ukraine, Verstka found after analyzing Rosstat data on average consumer prices.

A kilogram of beets rose in price by 16.56%, from 50.6 rubles to 58.98 rubles. A kilo of chilled or frozen chicken rose in price on average by 5.64%, from 230.76 to 243.78 rubles. A kilo of frozen fish rose by 1.3%, from 359.66 to 364.34 rubles.

Meat preserves for baby food (0.96%), vegetable preserves for baby food (1.59%), wheat flour (0.34%), buckwheat (0.93%), vermicelli (0.55%), and dry pet food (1.42%) also rose in price more sharply than in the same periods of previous war years (all for one-kilogram packages).

Goods are becoming more expensive in part because their producers and sellers are beginning to factor into prices the costs caused by the gasoline shortage, believes Vladislav Inozemtsev, co-founder of the European Center for Analysis and Strategy.

“These are the first signs of producers and suppliers rethinking what is happening. They are beginning to understand that an inevitable break in the trend is underway. That the rise in fuel prices is not temporary but permanent, and it will not be limited to 10-20%,” the economist said in a conversation with Verstka.

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