Fresh produce prices are expected to drop in Russia between August and September. This is said to be down to a number of factors; the arrival of the new harvest to market, import substitution and the slowing down of the rate of inflation.
Experts believe that primarily fruit and vegetable prices will fall, to a lesser degree livestock prices will be affected and the prices of goods of mass demand will not be affected at all. However, by the end of September, prices will most likely have returned to their previous figures.
However, Alla Dvoretskaya, Head of the Department of Economics and Finance at RANEPA (Russian Presidential Academy of National Economy and Public Administration), notes that the decline in prices for fruit and vegetables is not surprising in this period. This situation is an annual trend. Exceptions are only possible under such adverse events as crop failure or a ban on the import of certain products.