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Food Prices Forecast to Keep Rising

Published: May 12, 2008 (Issue # 1372)


Food prices in Russia are expected to rise steadily now that a temporary price freeze on “basic essentials — such as milk, flour and oil — has been lifted since May 1.

Both analysts and businessmen forecast a drastic rise in inflation.

The government froze the price of some sorts of white and black bread, milk, kefir, vegetable oil, and eggs in October last year when prices suddenly went up. In January, the agreement with food manufacturers was prolonged.

However, food prices have continued to rise. Prices grew by 1.4 percent in April, and by 6.3 percent in the first four months of the year, Fontanka.ru reported.

Prices for vegetable oil and flour rose the most with the price of vegetable oil in March going up by 4.6 percent and by 8.6 percent in April, the Russian State Statistics Committee or RSSC said.

A regular bottle of vegetable oil in St. Petersburg cost about 50 rubles ($2) in April but by May it cost up to 80 rubles ($3.25). In September last year it cost about 28 rubles ($1.10).

In April, the 23.7 percent increase in the price of bread in St. Petersburg was the sharpest in Russia, the RSSC said.

The prices for vegetables in Russia also increased significantly in April with the price of cabbages rising by 24.2 percent, carrots by 13.3 percent and beets by 12.2 percent.

The price of eggs, pasta, and millet increased last week by between 1 percent and 1.2 percent. Today, a dozen eggs costs a natinoal average of 35 rubles ($1.40).

The price of gasoline has also risen sharply — by 6.8 percent — since the beginning of this year. Analysts predict that the cost of gasoline will exceed the $1-per-liter mark this summer.

Meanwhile, St. Petersburg authorities will prolong a local price freeze on milk and eggs. In April, milk and egg prices were held at 22 rubles (90 cents) for a dozen eggs and 23 to 27 rubles ($1) for a liter of milk (2.5 percent fat). Sour cream (15 percent fat) will cost 29 rubles for half a kilo, and kefir will cost 24-25 rubles per liter.

The citywide agreements will continue until June 30, and may be prolonged after that, Fontanka.ru said.

Alexei Sergei, head of St. Petersburg’s Economic Development, Policy and Trade Committee, said the city authorities will continue the policy of price regulation in St. Petersburg throughout 2008.

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ALL ABOUT TOWN

Thursday, Nov. 27


The Customs and Transportation Committee for AmCham meets this morning at 9 a.m. in their office on Ulitsa Yakubovicha.


Tickets are still available for local KHL team SKA St. Petersburg’s showdown with Siberian club Metallurg Novokuznetsk tonight at 7:30 p.m. in the Ice Palace outside the Prospekt Bolshevikov metro station. Tickets can be purchased on the team’s website, at the arena box office or in their merchandise store on Nevsky Prospekt.


Celebrate one of Russian literature’s most tragic figures during Blok Days, a two-day celebration of the 134th anniversary of the poet’s birthday. The tragic tenor’s work, which led to writer Maxim Gorky to hail him as Russia’s greatest living poet before his death in 1921, will be recited and meetings and discussions about his contributions to the Silver Age of literature in St. Petersburg will be discussed in the confines of his former residence.



Friday, Nov. 28


Join table game aficionados at the British Book Center’s Board Game Evening. Held every Friday at 5 p.m., aficionados and amateurs alike can come take part in a variety of different games that test one’s intellect and cunning.



Saturday, Nov. 29


Cats, dogs, birds, rodents and reptiles are just some of the things that will walk and crawl at Lenexpo convention center this weekend as part of Zooshow, a two-day exhibition featuring not only man’s best friends but a four-legged fashion show, as well as a food fair that will help pet owners find out more about which kibbles are best for their hungry pets.



Sunday, Nov. 30


Remember the 75th anniversary of the beginning of the Russo-Finnish war in 1939 during today’s reenactment titled “Winter War: How it Was.” More than 200 people will take part in recreating the opening salvoes of the battle for the north in Kamenka, a small village situated between Vyborg and St. Petersburg, using authentic equipment and vintage vehicles from the era. The faux battle begins at 2 p.m.



Monday, Dec. 1


Serbia filmmaker Emir Kusturica is the featured guest this evening at the Lensovet Palace of Culture the Petrograd Side. Fans of the director will get the chance to watch his movie “Black Cat, White Cat,” as well as ask questions about his award-winning filmography. Tickets for the event, which starts at 7 p.m., start at 2,000 rubles ($42.50).



Tuesday, Dec. 2


Today is the final day of “Takoy Festival,” a three-week program of plays based on the works of Dostoevsky, Remarque and other famed European writers, whose work is transcribed for theatrical performances. Tonight’s festival finale is “Fathers and Sons,” a two-act drama staged by the Novosibirsk Academic Drama Theater based on Turgenev’s classic about familial relations.



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