World meat industry news

In November 2022, in the consumer market, price growth in monthly terms amounted to 0.37%. In annual terms, inflation continued to slow down to 11.98%. This is stated in the review of the Ministry of Economic Development "On the current price situation", writes The DairyNews.

Food inflation in November accelerated to 0.40% due to the seasonal rise in prices for fruits and vegetables (+5.58%). For other foodstuffs, the rate of price reduction increased to -0.15%.

In the food segment, prices rose by 0.40% m/m after 0.28% m/m in October (seasonally excluded: prices are almost stable (down by -0.01% m/m SA after falling by -0 .04% m/m SA a month earlier. Prices for fruits and vegetables accelerated (5.58% m/m after 3.45% m/m in October). Prices for other food products continued to decline (-0.15% m/m after -0.05% m/m in October).Sugar, pasta and cereals, meat products, oils and fats are still cheaper.Growth in prices for eggs has slowed down, prices for milk and dairy products, bread and bakery products.