The price of dairy and meat products to Russia may grow by 10%

Photos: Moscow 24/Alexander Avilov

the Analytical center for the government of the Russian Federation has predicted a rise in price of meat and dairy products is 12% in the current year. This was told to the newspaper “Izvestia” the Deputy head of macroeconomic research of the Analytical center Victoria Pavlushina.

the Growth of prices for products of animal origin will be associated with the higher cost of raw materials, gas, electricity and other services required for production. In addition, since June 1, 2020 will be introduced digital labeling of dairy products that may create an increased burden on manufacturers.

due to VAT increase on palm oil in Russia, prices for food, which it is – chocolate, waffles, cookies, potato chips may increase by 5-7 percent. It is also projected that the rise in price of buckwheat to 5-6 percent due to the reduction of crops of buckwheat.