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Peter Davis

An writer at FOMOdrive

  • Dec 28, 2023
  • 2 min read

Russians' New Year's table became more expensive by 8% per year

The cost of a Russian New Year's feast rose by 8% in the course of the year.

Tangerines, chicken, eggs, and champagne were the catalysts of price increase.

This year, prices for caviar have gone down, particularly in bulk purchases.

Deputy Prime Minister Victoria Abramchenko stated in an interview with RIA Novosti that industry and business associations estimated that the Russian New Year's table will be 8 percent more expensive than last year.

A well-executed salmon run has resulted in wholesale prices for caviar being lower than last year, despite a noticeable rise in prices for tangerines, chicken, eggs and champagne.

The Deputy Prime Minister noted that there has already been a decrease in retail prices due to the fact that chum salmon caviar is now 25% cheaper in wholesale than it was last year.

Since the start of the year, the cost of chicken and chicken eggs in Russia has increased significantly. Data from Rosstat shows that the price of chicken has risen by more than 25% and eggs by an unprecedented 59%. Overall, prices in the country have gone up by 7.12% (compared to 11.94% in the previous year).

Baltic Coast, a fish processor, had previously informed retailers of a 10% hike in prices for herring fillet products in December. This was due to a shortage of raw materials and their increasing costs, which could result in a price increase of one of the classic Russian dishes served on New Year's Eve - herring under a fur coat, according to Kommersant.

At the direct line on December 14, Vladimir Putin highlighted the issue of increasing prices this month. He stated that the sharp rise in egg prices is a failure of the government.

Rusprodsoyuz states that the staples of a Russian New Year's feast are Olivier salad, herring under a fur coat, poultry dishes, and sandwiches with red caviar, cheese, and cold cuts.

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