In Russia, prices are rising much faster than in Europe

The crisis is not going away, it gets worse.

26.Nov.15 7:13 AM
By Abigail Richards
Photo Toinnov.com

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In Russia, prices are rising much faster than in Europe. So, today it became known that in the past month compared with the same period last year, consumer prices increased by 0.7 per cent, while in the EU the figure was only 0.1 percent.

As for the dynamics of prices for all the past months of this year, in this case, according to Rosstat, the increase was 11.2 percent, which is quite a lot and very noticeable. It is worth noting that, among other countries, similar figures can be noted from Kahazstana, where prices rose by 5.2 percent, from 1.7 percent in Turkey and Belarus, where the rate of price increase was 0.8 percent.

According to Rosstat, the most in Russia increased prices for vegetables and fruits, but in this case the Russian Federation, they increased more than in Europe - in Russia by 6.6% in the EU - 2.2%. Also, a significant rise in prices observed in the price tags on goods such as dairy products, eggs and cheese - in Russia by 1.8% in the European countries - 0.2%.

It is also worth noting that today the number of loss-making enterprises in Russia amounts to 30.3 per cent in this area is also noticeable deterioration of the situation, the rate increases. But despite this, many businesses maintain a stable rate of profit, and some even more to expand production.

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