Russian Counting Chamber forecasts rise in inflation because of food embargo
Источник: The DairyNews
Food prices increased during the period from January to October 2014 by 9.6%.
Food prices increased during the period from January to October 2014 by 9.6%. This is according to the Chamber’s information. Within the specified period meat and poultry prices increased by 18.6% (in Jan-Oct 2013 they decreased by 2.8%), fish and seafood prices increased by 12.7% (+5.3%), butter prices increased by 11.6% (+12.8%), milk and dairy products prices increased by 11.4% (+9.6%).
According to the Counting Chamber experts, rate of inflation is likely to continue rising in the remaining months of 2014 and 2015 due to food embargo.
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