Ruble Depreciation: Impact on Consumer Market and Rising Prices

2023-07-04 18:05:19

The depreciation of the ruble will have a negative impact on the consumer market. Some goods may noticeably increase in price in the next two months. About it “Komsomolskaya Pravdasaid economist Mikhail Belyaev and his colleagues.

Of the products, according to experts, the cost of chicken meat will skyrocket.

“In a market economy, a poultry farmer will put chicken on the counter at exactly the price that is on the market. Therefore, one should not think that products will not rise in price. They will rise in price to the level of inflation for sure, or even a little more, if the ruble continues to fall,” Belyaev believes.

Vice-President of the National Automobile Union Anton Shaparin said that car dealerships are already trying to hedge against a further depreciation of the ruble, so they announce price increases in advance.

According to forecasts, mobile devices will add 7-8%. Regardless of the country of origin. Experts assure that this will have the least effect on Chinese brands, which are in stock.

Railways and airlines will take their tithe from the Russians. First of all, this will affect international flights. Moving and flights within the country should remain at the same level. But in the midst of holidays, carriers can present an unpleasant surprise.

The Association of Tour Operators of Russia warned that the exchange rate and the price of travel services are directly proportional. Türkiye, Egypt, Thailand and the UAE have already reached their ceiling. But less massive destinations – Israel, Indonesia, the EU – will add in price about as much as the ruble fell, Ilya Umansky, vice president of the association, assures.

“At the same time, mass outbound tourism is not very susceptible to a change in course. There the role is played by demand and the number of proposals. In other areas, less massive, tour operators are forced to work with existing offers that do not have much competition and prices are formed in foreign currency, ”explained a representative of the tourism industry.

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