Photo: Artyom Geodakyan / TASS
Inflation in Russia by the end of 2018 grew by 4.3 percent vs 2.5 percent in the previous year. This is stated in the message of Federal service of state statistics (Rosstat).
The rise in food prices in 2018 amounted to 4.7 percent for non-food products — 4.1% — 3.9 percent. Among food items, increased sugar prices (28.3 percent) and eggs (25.9 percent).
In some regions the growth in prices for eggs far exceeded the average values — the most in the Udmurt Republic (31%), Mari El (29.5 percent) and Orel oblast (28.3 percent). In addition, the rose poultry (9.7 percent), bread (5.2%), chemical products (4.9 percent), seafood (3.7%) and dairy products (2.9%). A slight increase in prices (1.2-1.4%) was observed on pasta, cereals and alcoholic beverages.
Retail gasoline prices in 2018 ahead of inflation more than doubled and grew by 9.4 percent compared with the 2017 year. Deputy Prime Minister Dmitry Kozak in October of 2018 held a meeting at which the Ministry of energy and FAS have signed a settlement agreement in the market of fuel from 1 November 2018 to 31 March 2019. According to the document, in 2019 the Russian oil companies can increase gasoline prices by no more than 1.7 percent. The increase in gasoline prices in connection with rising VAT and excise duties on fuel has already begun: the average growth rate was 65 to 80 cents per liter.
Earlier it was reported that the head of the Ministry Maxim Oreshkin expected the inflation rate from 2.7 to 3.2 percent. In December 2018, he spoke of the beginning of 2019 as a complex stage for the Russian economy. In December it was reported that during the first 11 months of 2018, the growth of prices for food products occurred at 3.3 percent. In European countries the figure was 1 percent.
Video, photo All from Russia.