World meat industry news

The food costs of the Russians prevent them from improving their well-being. This was reported by "Rossiyskaya Gazeta" with reference to the data of the research holding "Romir".

According to them, the expenses of the average Russian family in October amounted to 70.6 thousand rubles, of which 21.7 thousand or more than 30 percent of the total monthly budget was spent on food. This share is three times less than in the USA and Europe and six percent more than last year.

Experts explain this by the strong difference in wages in countries and the threefold difference in food inflation with approximately equal food prices. Thus, the effect of import substitution, which the Russian authorities are actively talking about, is almost not noticeable. According to the head of Romir Andrei Milekhin, the Russians are trying to choose products more rationally.

Moreover, according to the classification of expenses that the experts cited, a country with food costs of less than 20 percent in the total income structure is considered rich, and for the poor they start at 60 percent. Almost 19 percent of income is spent by residents of Russia on utility and transportation services and communication costs, which are also included in the indicator of well-being.