Inflation in Crimea: annual growth in prices for meat products, cheese and household chemicals accelerated

In December, prices for poultry and pork increased in annual terms in the region. This is due to increased costs for livestock farmers, including due to increased prices for feed and imported components in the context of a weakening ruble. Staff and logistics costs also increased. The annual increase in prices for sausages and semi-finished meat products accelerated — the rise in prices of raw materials was reflected in an increase in the costs of meat processors. At the same time, the annual growth in prices for fruits and citrus fruits has slowed down. The supply of oranges and lemons before the New Year has increased significantly thanks to new logistics routes and an expanded list of supplying countries. Prices for cheese, drinking milk, yoghurt, cookies and cakes rose more year-on-year in December than in the previous month. The reasons are similar: the costs of dairy and confectionery producers for labor, packaging and transportation have increased. At the same time, due to the increase in world prices for milk fats, raw materials have become more expensive. The increased costs of the enterprise were transferred to the final cost of the product— reported the Branch for the Republic of Crimea of ​​the Southern Main Directorate of the Central Bank of the Russian Federation.

In December, the annual growth in prices for clothing, perfumes and cosmetics, detergents and cleaning products continued to accelerate. Domestic producers of these goods compensated for the increased costs of foreign components due to the weakening of the ruble, and importers included the difference in exchange rates in the price.

The cost of services provided by providers in Crimea has also increased: in December, subscription fees for access to the Internet increased in annual terms more than in the previous month. The reason is the increase in company costs for upgrading networks, servicing imported equipment and paying employees.

In December, the expansion of domestic demand in the country continued to significantly outpace the ability to increase physical volumes of output of goods and services. The weakening of the ruble in previous months also contributed to rising prices for a wide range of goods and services. Tight monetary conditions in this situation are necessary to slow inflation and bring it back on target. According to the forecast, the monetary policy of the Bank of Russia will ensure a reduction in inflation to 4% in 2026 and its stabilization in the future.