June inflation breaks five-year record

The annual growth in consumer prices in June 2021 accelerated to 6.5% – this is the maximum since August 2016, the monthly inflation was 0.69%, according to Rosstat. Of the products, beets rose in price most of all in June – by 58.4%, prices for carrots increased by 37%. At the same time, cucumbers fell in price by 21.8%, tomatoes – by 16.2%, bananas – by 4.5%.

In the service sector, prices for trips to Turkey increased most significantly in June (38.9%), air traffic with which was restored on June 22. Trips in second-class carriages, depending on the class of long-distance trains, rose in price in the range from 22.8% to 23.8%, trips in a compartment – by 9.6%.

Among non-food products, the prices for chipboard and edged board increased the most – by 19.2% and 15.7%.

Prices for the first half of 2021 are up 5.79% compared to the first half of 2020. Inflation by December 2020, according to Rosstat, amounted to 4.19%, by May – 0.69%.

During a direct line on July 30, Russian President Vladimir Putin, in response to a question why in Russia carrots are more expensive than Ecuadorian bananas, said that the country “did not have enough of its products” and hoped that the situation would improve with the appearance of a new crop. Economy Minister Maxim Reshetnikov predicted that prices for potatoes and carrots will decrease in August, which will create a basis for deflation.

About the dynamics of food prices – in the article “Kommersant” “Food is more expensive.”

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