Food prices in Russia in October 2022, compared to October 2021, show a significant increase. AB-Center analyzed the dynamics of 121 products, of which fifteen products show a decrease. The weakening of prices for 15 products is definitely a positive trend, since in the previous article, when comparing data for September 2021-2022. we noted a decrease in prices for eleven foodstuffs.
In October 2022, in relation to the level of a year ago, an increase in food prices of more than 25% is observed in 20 products, more than 10% in 92 products.
It should be noted that inflation in the country for the year (if we compare October 2021 and October 2022), according to the inflation calculator on the level-inflation.rf website, amounted to 13.88%. Rising prices above the inflation rate demonstrates 75 goods out of 121.
The strengthening of prices in the Russian market is largely due to global trends. In 2022, global food prices peaked. Although in 2023-2024. and some weakening is expected, with a high degree of probability, prices will no longer return to the level that was noted in 2020-2021.
Leaders in rising food prices
To a greater extent, the increase in prices for the year, according to AB-Center, affected the following food products: margarine (+42.3%), canned tomato (+39.9%), sweetened condensed milk (+36.5%), biscuits (+33.7%), natural coffee beans and ground (+33.2%), polished rice (+32.8%), frozen squid (+32.6%), granulated sugar (+32, 3%), frozen vegetables (+31.7%), table salt (+30.7%), muffins and rolls (+29.8%), chocolate-glazed curds (+29.8%), gingerbread (+29.8%), marshmallows and marshmallows (+29.4%).
Food products showing price increases above the inflation rate of 13.88%
In addition to the goods of the first group, a significant increase in prices (by 13.88% and more) in the AB-Center is noted for chilled and frozen cut salmon fish, soft candies glazed with chocolate, dried fruits, long leaf black tea, caramel, natural instant coffee, cheeses processed, salted and smoked fish delicacies, ketchup, green tea, peas and beans, bagged soups, natural chocolate sweets and with additives, butter, cream ice cream, canned meat, vermicelli, salted herring, cakes, frozen berries, shrimps uncut frozen, canned fish natural and with the addition of oil, oatmeal and pearl barley, semolina, carbonated drinks, bakery products made from high-grade flour, cocoa, pasta from high-grade wheat flour, hard and soft rennet cheeses, lamb products, canned fish in tomato sauce, chewing gum, oatmeal "Hercules", canned meat for baby food, canned fruits and vegetables one for baby food, fish fillet, canned vegetables for baby food, natural canned, pickled vegetables, black pepper (peas), bananas, bagged black tea, yogurt, jam, jam and marmalade, fermented milk products, salted herring fillet, flakes from cereals (dry breakfasts), boneless beef, wheat flour, national cheeses and feta cheese, beef (except for boneless meat), whole pasteurized drinking milk 2.5-3.2% fat, sour cream, salted, marinated, smoked fish, rye bread flour and from a mixture of rye and wheat flour, beef liver, dry milk mixtures for baby food, fruit juices, mayonnaise, poultry culinary products, whole sterilized drinking milk 2.5-3.2% fat, mineral and drinking water.
Food products whose prices rise below the rate of inflation
Price growth below the inflation rate (lower than 13.88%), according to AB-Center, was noted for dumplings, manti and ravioli, nuts, chocolate, coffee in fast food organizations, frozen cut fish (except for salmon species), minced meat meat, salmon caviar, domestic, domestic sparkling wine, grape table wine with a strength of up to 14% vol. alcohol, live and chilled fish, buckwheat groats, sausages and sausages, lamb (except for boneless meat), semi-smoked and boiled-smoked sausage , turkey meat, olive oil, fortified grape wine with a strength of up to 20% vol. alcohol, boiled sausage, raw smoked sausage, chicken legs, fresh mushrooms, whole frozen fish, smoked meat, vodka with a strength of 40% vol. alcohol and above, ordinary domestic cognac, natural bee honey, fresh herbs, sunflower oil, apples, millet, boneless pork.
Food items that have decreased in price over the year
Over the year, the price of fresh white cabbage (-44.4%), potatoes (-32.6%), table beets (-28.8%), carrots (-27.2%), fresh tomatoes (-22. 9%), fresh cucumbers (-20.9%), lemons (-12.0%), garlic (-9.8%), grapes (-8.9%), oranges (-8.8%), onions (-7.7%), pears (-6.3%), chicken eggs (-1.9%), chilled and frozen chickens (-0.6%), pork (except for boneless meat) (-0 ,one%).
About the recent decline in food prices
In this article, only the change in prices for the year is considered. If we consider the current data and compare them with the indicators of a month ago, we see a significant weakening of prices for most types of food products.