Food prices in Altai region have experienced a decrease.
In a positive development for consumers in Altai Krai, food prices have been on a downward trend for several months. This is largely due to increased production nationwide, particularly in the case of eggs and certain vegetables, as well as increased supplies from Siberian poultry farms.
The annual inflation rate in Altai Krai decreased for the fourth month in a row, reaching 9.4% in July. This is a significant drop compared to the previous months, and a clear indication that the efforts to control inflation are bearing fruit. The Bank of Russia's plans to maintain economic rates necessary for returning the annual inflation rate in the country to 4% by 2026 and keeping it near this level in the future seem to be on track.
Prices on some vegetables, such as cabbage, beets, cucumbers, tomatoes, potatoes, onions, and garlic, decreased in July. The new harvest supplies in stores contributed to this decrease, making these essential food items more affordable for the residents of Altai Krai. Among these, cucumbers saw the most significant decrease in price, with a 35.5% drop in a month.
However, not all food prices are on a downward trend. In August, prices on confectionery products, including chocolate and caramel, continued to increase. Chocolate prices in Altai Krai increased by an additional 2.6% in August compared to July. This rise in prices could be attributed to various factors, and further investigation is required to fully understand the reasons behind this increase.
Unfortunately, there is no information available about how food prices developed in Altai Krai in August, as the search results did not yield any relevant data. It is hoped that future data will provide a clearer picture of the food price trends in the region.
In the case of eggs, prices dropped by 5.6% in a month and nearly a third in a year. This significant drop is a result of increased production and supplies in the region. Similarly, butter prices decreased due to increased production nationwide.
In conclusion, while food prices in Altai Krai have been decreasing for several months, there are still areas of concern, such as the increase in confectionery prices. The Bank of Russia's efforts to control inflation and maintain economic stability are showing results, but more work needs to be done to ensure that all food prices remain affordable for the residents of Altai Krai.
