The Ministry of Economic Development of the Russian Federation expects the inflation rate in Russia to be 0.2-0.3% in September 2013, 4.7%-4.8% since the start of the year, according to the Ministry's monitoring report.
Consumer prices increased by 0.6% in September 2012, by 5.2% since the start of the year.
In September, the food prices continued to decline. For four weeks, they went down by 0.5%. The fruit and vegetable prices behave similar to the way the did last year. From August 27 till September 23, the prices in this segment dropped by 11%, just like the year before. In the segment of food products excluding fruits and vegetables, the price growth rate was +0.6% for four weeks, equal to the August growth rate.
The liquid milk price growth accelerated in September in the wake of a seasonal decline of raw milk supply and higher imported milk prices. For four weeks in September, milk became 3.2% more expensive (against +1.4% in August). Butter saw a hefty price growth again (+2.8% for four weeks in September against +2.6% in August), due to more expensive imports and crude raw materals, against a decline of production.
Pork prices have been going up for the second month in a row (+0.8% in September alone). Beef prices stay proadly flat in September (+0.1% for four weeks). Poultry meat (chicken) went down in price by 0.2% in September, the Ministry of Economic Development reported.
Sugar prices grew slower In September as companies started processing domestic sugar beet. For four weeks the prices increased by 1.1%.
Bread prices have been growing at a moderate pace since July, the lower global and domestic 2013 grain crop prices resisting a higher growth rate. From August 27 till September 23, bread rose in price by 0.4%.
Gasoline prices continued to climb up in September. In particular, they advanced by 1.4% from August 27 till September 23, by 5.8% from January 1 to September 23.
"AK&M", 30.09.2013 17:17