Prices of Essential Goods Drop by 1.6% in September

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In September, minimum prices for essential food items in major Russian retail chains fell by 1.6% year-on-year, according to the Association of Omnichannel Retail Companies (AKORT).

Prices dropped most significantly for butter (-24%), rice (-19%), and pork (-18%). Other items that became cheaper include millet (-15%), wheat flour (-10%), rye and rye-wheat bread (-2.6%), chicken eggs (-2.4%), vermicelli (-0.05%), and milk (-0.04%).

Compared to August, the minimum cost of a basic food basket decreased by 0.7% in September. Vegetables from the "borsch set" (a traditional Russian soup) saw the biggest price reductions: carrots (-24%), potatoes (-19%), white cabbage (-14%), beets (-12.5%), and onions (-11%). Additionally, apples (-5.3%), mutton (-2.9%), rye and rye-wheat bread (-1.6%), sunflower oil (-1.2%), sugar (-1.1%), black tea (-0.5%), and buckwheat (-0.02%) became cheaper.