Food prices in Russia and their changes over the year, data for October 2023

Note. The reasons for the rise in prices are analyzed in the material: Pricesforfood in the third quarter of 2023 year, forecast for the fourth quarter and the first half of 2024 (ab-centre.ru)

At the same time, price increases for some items look extreme. Price strengthening of over 40% over the year is demonstrated by 5 goods, from 20 to 40% - by 7 goods, from 10 to 20% - by 10 goods. As for the decline in prices for goods, it is much less pronounced. Thus, price weakening of more than 10% is observed only for two items.

In October 2023, the inflation rate in RUSSIA was 6.68% (annualized for the last 12 months, according to the portal level-inflation.rf). An increase in prices above the inflation rate is observed only for 33 goods out of 90 that increased in price and out of 119 analyzed items in general. At the same time, calculation of the arithmetic average percentage change in prices for all analyzed items shows that, in general, food prices increased by 6.4% over the year.

Thus, food on an annual basis continues to slow down the overall level of inflation in the country, as prices it generally grows below the inflation rate.

Leaders in rising prices forfood

To a greater extent, the increase in prices for the year, according to AB-Center calculations, affected the following food products: oranges (+69.0%), grapes (+47.9%), tomatoesfresh (+47.5%), bananas (+46.8%), pears (+44.6%), lemons (+39.5%), fresh white cabbage (+36.8%), garlic (+27.8%), carrots (+26.9%), chilled and frozen chickens (+ 26.4%).

Food products, showing price increases above the inflation rate of 6.68%

In addition to goods of the first group, price strengthening (by 6.68% and higher) in the AB-Center is noted for table beets, eggs chicken , chicken legs, fresh greens, apples, lamb (except boneless MEAT), poultry culinary products, onions, boneless pork, coffeein fast food organizations , pork (except boneless meat), frozen squid, Turkey meat, canned tomatoes, piece bakery products made from premium FLOUR, whole frozen fish, a> (except boneless meat).beef, dry MILK mixtures for baby food, fresh cucumbers, granulated SUGAR, fish fillet, salmon caviar, domesticOLIVE OIL

Food products whose price increases are below the inflation rate

Price increases below the inflation rate (lower than 6.68%), according to AB-Center calculations, were observed for smoked meats, polished rice, natural canned and pickled vegetables,wine sparkling domestic, ice cream cream, natural bee honey, boiled sausage, boneless beef, bread made from rye flour and from a mixture of rye and wheat flour, dumplings, manti, ravioli, minced meat, cakes, frozen cut fish (except salmon species), live and chilled fish, canned fish in tomato sauce, dry soups in bags, marshmallows, marshmallows, chewing gum, sausages, sausages, mineral and drinking water, nationalcheeses and feta cheese, bread and bakery products made from various types of wheat flour, curd cheeses, chocolate-glazed, preserves, jam, marmalade, semi-smoked and boiled-smoked sausage, gingerbread, ketchup, raw smoked sausage.

Also, price strengthening below the inflation rate was observed for fruit juices, canned meat, salted, marinated, smoked fish, fresh mushrooms, carbonated drinks, cookies, lamb products, caramel, canned meat for baby food, canned fish natural and with added oil, dried fruits, chilled and frozen cut salmon fish, black tea, cocoa, salted and smoked delicatessen fish products,yogurt, canned vegetables for baby food, ordinary domestic cognac, milk whole pasteurized drinking milk 2, 5-3.2% fat content, green tea, cereal flakes (breakfast cereals), muffins, rolls, soft candies, chocolate-glazed, condensed milk with sugar, nuts, processed cheeses, salted herring fillets, salted herring,shrimp frozen whole.

Food products that have decreased in price over the year

Over the year, the price of buckwheat groats (-25.8%), oat and pearl barley groats (-11.8%), potatoespeas and beans (-7.1%), flour wheat (-6.6 %) sunflower oil (-5.4%), drinking cream (-5.4%), oat flakes "Hercules" (-4.6%), vermicelli (-4.3%), sterilized whole drinking milk 2.5-3.2% fat (-4.0%), semolina (-3.3%), chocolate ( -3.0%), frozen berries (-2.8%), canned fruit and berries for baby food (-2.5%), margarine (-2.5%).

Also, the decline in prices over the year affected pasta made from premium wheat flour (-2.0%), beer (-1.8%), cottage cheese (-1.6%), natural instant coffee (-1.3%), sour cream (-1.2%), mayonnaise (-1.2%), table SALT (-1.2%), fermented milk products (-1.0%), butter (-0.5%), vegetables frozen (-0.4%), millet (-0.3%), natural chocolate candies and with additives (-0.2%), natural coffee beans and ground (-0.2%), bagged black tea (-0.2%).