Russia raises prices for all products – by 15%

Tuesday, December 16, 2014 - 15:38 (EET) Section: Latest news

Retail networks of Russia sell the stocks and forecast growth of prices for products in the first half of 2015 by 15%.
Executive Director of the Retail Companies Association Andrey Karpov told TASS.
“We still do not change the forecast. In the first half of 2015 there will be growth of prices for all products within 14.5-15%. By results of the previous year – this is 20-25%. Perhaps, at the end of the year the forecast will be corrected with taking into consideration a new sharp change of the ruble cost,” he says.
According to Karpov, the price will be increased by all segments, “because trade networks every day receive information from suppliers about the price rise. The majority of Russian companies have already said that their stocks come to an end.”