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Prices to rise by 30% - which products will sharply increase in price by the end of the year
There is not enough milk for consumers in Russia, as demand significantly exceeds supply.
According to him, by the end of this year, prices on the shelves of Russian stores will rise sharply for a wide range of dairy products due to a shortage of these products and rising production costs.
According to experts, the price increase will be from 30% to 50% of the current price of milk and dairy products. The trend of rising milk prices is confirmed by Rosstat data. Since the beginning of 2024, the price of butter has increased by more than 14%, followed by pasteurized milk (9%), sour cream (7%) and cottage cheese (4%).
The economist noted that this growth inertia continues today. Moskovsky Komsomolets wrote that the milk deficit in Russia is aggravated by the fact that some dairy products are exported abroad. In addition, logistics costs have increased by 30%, and packaging costs by 20%, and farmers must significantly increase the wages of their workers.
Having summed up all the identified factors, the expert came to the conclusion that Russians expect a sharp rise in prices for dairy products by the end of this year. According to economists' forecasts, the rise in milk prices may reach its peak by the new year. By that time, Abakumov believes, the price tag will have grown by as much as 30%.