Food prices are surging in Russia. Is the war hitting Russians in the pocket?
Summary
Food prices in Russia have gone up since the war in Ukraine started. This increase is affecting Russians financially, as prices for many essentials like food and everyday goods have risen sharply. The economic impact is linked to the conflict and changes in the country's budget priorities.Key Facts
- Food prices in Russia have increased since the invasion of Ukraine.
- A Moscow resident's monthly food budget increased by over 22% in one month.
- Since January 2026, supermarket prices have increased by 2.3%.
- The average cost of a basic food basket in Moscow increased by 18.6% from 2024 to January 2026.
- Fruits and vegetables have risen in price by almost 15% since 2024.
- Dairy products, mostly produced locally, have seen a price increase of 41% in the last two years.
- The VAT rate in Russia increased from 20% to 22% to support defense and security funding.
- Many Russians feel the financial strain due to the rising cost of living.
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