You searched for "Food Prices" (9 results found)

The average store check for Russians in June increased to 556 rubles

  • 09:45

The average store check for Russians in June increased to 556 rubles The average check of a resident of Russia for one trip to the store in June 2019 increased by 3 rubles compared to May, or by 0.5%, and amounted to 556 rubles, according to a study by the Romir holding, reports RIA Novosti. "As well as the volume of total daily expenses, the average check in the second quarter remained fairly stable. May check decreased by 0.7% compared to April, while the June check increased by 0.5% compared to May. Thus , according to the results of the first summer month, the size of the average check was 556 rubles with the May indicator of 553 rubles and the April one - 557 rubles, ”the study says. Compared with June last year, the. Read more...

Experts called the food prices rise one of the outcomes of five years of embargo

  • 17 Jul 10:11

Experts called the food prices rise one of the outcomes of five years of embargo One of the results of the food embargo imposed in Russia in August 2014 was the rise in food prices. This is stated in a study that analysts from consulting company KPMG conducted for RBC. Experts note that over five years, prices have risen both for products that have been banned from importing, and for those that were previously produced in Russia. Most of all butter (by 79%), frozen fish (68%) and cabbage (62%) have risen in price. Wheat flour (by 25%), pasta (34%) and sunflower oil (35%), which were previously mainly produced in Russia, significantly increased in price. The reason for the price rise was the dependence of Russian producers on imports,. Read more...

The average store check for Russians in June increased to 556 rubles

  • 16 Jul 10:15

The average store check for Russians in June increased to 556 rubles The average check of a resident of Russia for one trip to the store in June 2019 increased by 3 rubles compared to May, or by 0.5%, and amounted to 556 rubles, according to a study by the Romir holding, reports RIA Novosti. "As well as the volume of total daily expenses, the average check in the second quarter remained fairly stable. May check decreased by 0.7% compared to April, while the June check increased by 0.5% compared to May. Thus , according to the results of the first summer month, the size of the average check was 556 rubles with the May indicator of 553 rubles and the April one - 557 rubles, ”the study says. Compared with June last year, the. Read more...

Food prices in Russia in 2018 rose faster than in the EU

  • 6 Feb 09:37

Food prices in Russia in 2018 rose faster than in the EU The increase in food prices in Russia over the past year amounted to 5.5%, while on average in the European Union, food became more expensive by 1.3%, reports Rosstat. Last month, food prices in the Russian Federation rose by 2.1%, while in the EU the increase was 0.4%. In 2017 food prices in Russia rose more slowly than in the EU (0.7% vs. 2.6%). In 2018 there was a significant increase in prices for meat and meat products - 7.8%. In the. Read more...

Global Meat, Food Prices Fall for Fifth Year in a Row

  • 18 Jan 08:12

Global Meat, Food Prices Fall for Fifth Year in a Row Prices of major food commodities declined for the fifth year in a row in 2016, averaging 161.6 points for the year as a whole, some 1.5 percent below their 2015 levels. Bumper harvests and prospects for staple cereals offset upward pressure on FAO's Food Price Index from tropical commodities such as sugar and palm oil, where production was impacted by El Nino. In December, the Index averaged nearly 172 points, unchanged from November. The FAO Food Price Index is a trade-weighted index tracking international market prices for five key food commodity groups: major cereals, vegetable oils, dairy, meat and sugar. 2016 was marked by a steady decline in cereal. Read more...

The first glimpse of deflation in five years

  • 10 Jan 10:47

The first glimpse of deflation in five years For the first time in the past five years, Russia enjoyed a brief moment of minor deflation in 2016. During the first week of August, consumer prices decreased by 0.1 percent. The previous occurrence was registered in September 2011. To compare, the 2015 inflation level in Russia stood at 12.9 percent. The easing of inflation pressure on the Russian economy is good news. All other factors being equal, it is expected to speed up the process of bringing the overall inflation level down to 4 percentin 2017. This target was originally identified by the Central Bank of Russia in late 2014, when it intentionally stopped keeping the ruble. Read more...

Food Prices Fall in November Amid Robust Global Inventories

  • 8 Dec 10:05

Food Prices Fall in November Amid Robust Global Inventories Major food commodity prices fell in November, reversing about half their rise in the previous month, as the cost of internationally-traded staples, except for sugar, fell across the board. The FAO Food Price Index averaged 156.7 points in November, down 1.6 per cent from its revised October average, and 18 per cent below its value a year earlier. The FAO Cereal Price Index fell 2.3 per cent, with coarse grain prices falling even more due to favourable harvests in the United States, the world's largest maize producer and exporter. Vegetable oil prices fell 3.1 per cent from October, aided by lower energy prices, and encouraging planting and production prospects for. Read more...

Food Prices Expected to Fall Over Next Decade

  • 7 Jul 10:51

Food Prices Expected to Fall Over Next Decade Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, according to the latest Agricultural Outlook report produced by the OECD and FAO. Nonetheless, prices will likely remain at levels above those seen in the early-2000s. Lower oil prices will contribute to lower food prices, by pushing energy and fertiliser costs down, and removing incentives for the production of first-generation biofuels made from food crops. The OECD-FAO Agricultural Outlook 2015-2024 projects that agricultural trade will increase more slowly than in the previous decade,. Read more...

Food Prices Expected to Fall Over Next Decade

  • 3 Jul 12:23

Food Prices Expected to Fall Over Next Decade Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, according to the latest Agricultural Outlook report produced by the OECD and FAO. Nonetheless, prices will likely remain at levels above those seen in the early-2000s. Lower oil prices will contribute to lower food prices, by pushing energy and fertiliser costs down, and removing incentives for the production of first-generation biofuels made from food crops. The OECD-FAO Agricultural Outlook 2015-2024 projects that agricultural trade will increase more slowly than in the previous decade,. Read more...