The minimum set of products in Russia rose sharply
The minimum set of foodstuff in Russia has risen in price from January to may by 9.4 per cent to 4036 rubles. This is evidenced by recent data of Rosstat. The most rapid price increases occurred in April-may, amounting to 4.2 percent. Inflation in January — may amounted to 1.7 percent. Thus, the cost of consumer basket increased up to five times faster than the official inflation. Grocery stores, at least in Moscow in may was 4945 rubles, having increased since beginning of the year to 11.1 percent. In St. Petersburg the rise in prices since the beginning of January was 9.8 percent — up to 4888 rubles. According to industry experts interviewed by the newspaper “Izvestia”, the increase in the cost of the minimum set of products impacted by the substantial rise in prices of imported fruit and vegetable products for some items has already reached 80 percent. Executive