Photo: Yekaterina Kuzmina / RBC
The fact that the Russian authorities “have powerful tools of influence” on prices, including such as the freezing of prices, in an interview with Tass said Industry Minister Denis Manturov. We are talking about freezing, if necessary, prices for socially important goods, which include bread, milk, yogurt, sour cream, vegetable oil, eggs, etc.
Manturov noted that the mechanism of freezing prices will be launched in the event that “producers [...] would violate the beneficial regime, which today is formed” (under the regime of the minister is referring to the efforts that the Ministry of Industry is taking in order to avoid a sharp price increase). Manturov said that his ministry will fight the case, the appearance of price tags in stores in “conventional units».
Inflation in Russia by the end of the third week reached 10.4% since the beginning of the year, becoming a double-digit first time since 2008. In this double-digit food inflation has become a year-on-year in August 2014 (the first time since 2011). In November, food inflation rose to 12.6% in December, its growth continued.
In August, after the introduction of the Russian authorities to ban the import of several products from Western countries, the government organized daily monitoring of food prices. In mid-August, Deputy Prime Minister Arkady Dvorkovich spoke at a meeting with the network of retailers, where entrepreneurs were asked not to raise prices. In addition, networks that increase the price, there are additional risks in the form of checks FAS and other oversight agencies.
State regulation of the prices applied in 2007, when retailers and processors company signed a memorandum “On the freezing of prices” – agreement provided for the fixation of prices for socially important products until the end of January 2008 at the level at which they were 15 October 2007.
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