STATE regulation of potato prices could be introduced in Russia following a sharp rise in prices.
Retail prices increased by 92% last year, according to the Central Bank and Rosstat, the governmental statistics agency in Russia.
As a result, Vice Speaker of the State Duma, Boris Chernyshov, has addressed the matter with Maxim Reshetnikov, head of the Ministry of Economic Development.
Government decree allows for the imposition of marginal prices on certain essential foodstuffs for up to 90 days if their cost increases by 10% or more over 60 consecutive days, considering seasonal factors.
The monitoring potato price dynamics, accounting for potential seasonal fluctuations, and initiating a temporary price restriction if the increase surpasses established parameters has now been recommended by the Vice Speaker.
Official data from Rosstat shows a 23.9% increase in the price of potatoes since the year’s start, posing a threat to food security, particularly for low-income citizens.
Source and photo: Iz.Ru
