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Good Harvest Turns Prices Down

10 Feb 2020

• 10 Feb 12:45

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At the end of 2019, the inflation in Krasnodar province was one of the lowest nationwide, equalling to 2.7% vs. the national average 3% . Nonetheless, by the end of January prices for some food products went up, for instance, for buckwheat whose price steeply rose throughout the country. “[An important trend was] decrease of the price for vegetables caused by their high quality and good harvest volumes – due to which fact, a sufficient offer was kept until the very end of the year,” Aleksandr Gostev, Deputy Director of the Southern Directorate of the Bank of Russia, states. “The increment rates for meat slowed down due to. Read more...