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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. Petersburgs 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

Friday, Oct. 31


Put your grammar and logical thinking to the test in a fun and friendly environment during the British Book Centers Board Game Evening starting at 5 p.m. today. The event is free and all are welcome to attend.



Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at todays Grand Prix Fitness House PRO, the nations premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the citys elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolans latest film Mommy at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



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