Interfax: Russian authorities know how to take inflation under control, to reach plan by yearend – Shuvalov

Igor Shuvalov file photo

MOSCOW. Oct 21 (Interfax) – The Russian authorities know how to take inflation under control; by the end of 2015 it will reach planned levels, Russian First Deputy Prime Minister Igor Shuvalov said at the State Duma on Wednesday. “I can say that in terms of growth rates and inflation – which concerned us most of all within the macro […]

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Russian Food Prices Stabilize After Months of Racing Inflation

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Anastasia Bazenkova – August 3, 2015) After a year of skyrocketing food prices that have forced many Russians to spend less on what they eat, the cost of many categories of food has finally begun to stabilize or fall, official data show. Food price inflation has been one of the harshest consequences for ordinary Russians […]

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Russian Cabbage Prices Triple as Much-Loved Staple Falls Victim to Inflation

Red Cabbage and Green Cabbages, adapted from image at pnnl.org

(Moscow Times – themoscowtimes.com – Howard Amos – April 27, 2015) The cost of a cabbage in Russia has almost tripled in less than six months. The Russian staple – and a key ingredient in traditional dishes such as the famous shchi soup – leads the field among foods suffering from inflation because of huge ruble devaluation in 2014 and […]

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Russia May Soon Return to Soviet-Style Price Controls

File Photo of Older Russian Woman Shopping in Grocery Store

(Moscow Times – themoscowtimes.com – August 15, 2014) After a 20-year hiatus, direct Soviet-style price controls on the retail sector may be coming back, as the government strives to fight price hikes in supermarkets following Moscow’s decision to ban swathes of Western food imports in retaliation for sanctions over the crisis in Ukraine. The Federal Anti-Monopoly Service – the government’s […]

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