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Rating agency foresees rapid growth of product price in Russia

People will feel the price increase in winter.

10.Oct.14 9:28 AM
By Svetlana Siuhina


Rating agency foresees rapid growth of product price in Russia
Standard & Poor's rating agency has published report that is called “The increased risk of prolonged stagnation in Russia”. This report includes information and forecasts of experts. These forecasts say that we should way for more rapid product price increase in the nearest future. The approximate time is upcoming winter.

Limitations of import of products from EU countries, Norway, the USA, Canada and Australia that have been implemented by the Russian Government have influenced two third of all food products consumption. These products include meat, fish, dairy products, fruits and vegetables. They are 19% of all consumers’ costs in the country.

Standard & Poor's experts share their opinion about the fact that Russian businessmen will need some time after a ban on importing agricultural goods from Western courtiers. They need to look for new suppliers and sign new agreements with them. At the same time domestic agricultural enterprises have not still adapt to new conditions and feel the lack of production powers at the moment.

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