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AKORT: Russian retailers restrain the growth of consumer prices

17 Nov 2020

• 17 Nov 10:23

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The Association of Retail Companies (AKORT) said that Russian retailers, which are part of the industry association, will restrain the rise in prices for essential goods and do not expect their rise before the New Year holidays, reports TASS. All changes in food prices that have recently been observed in the consumer market should be perceived as seasonal fluctuations, say representatives of retail chains. AKORT notes that in the pricing policy, domestic retailers are guided by the purchasing power of the population, which has noticeably decreased during the economic crisis, aggravated by the COVID-19 pandemic. According to AKORT, in October last year, the consumer price. Read more...