Fruit and vegetable prices in Russia may drop 15% in coming months

10.08.2017

Inflation was 3.9% year-on-year in July, falling below the target level of the Central Bank

Poll shows rising prices and falling savings among Russians’ biggest fears

Fruit and vegetable prices may potentially decline by 15% in coming months, the Russian Ministry of Economic Development said on Wednesday.

"Inflation was 3.9% year-on-year in July, falling below the target level of the Bank of Russia. Dramatic slowdown of annual inflation was caused in the first instance by a significant drop in fruit and vegetable prices after supplies of the new harvest started. The potential of fruit and vegetable price drop is not exhausted yet and is amount 15% in next months," the ministry said.


tass

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