Sunday, June 24, 2018

Consumer prices increase 2.2 percent during fourth quarter of 2014

Sverdlovskstat announced recently that average consumer prices in the Sverdlovsk region rose by more than two percent in the first quarter of the year, though prices were 0.2 percent lower than the fourth quarter of 2012.

During the first quarter of 2014, prices of grocery items rose an average of four percent, representing a combined approximate four percent increase in food prices and a five percent increase in alcohol prices, Ural Business Consulting reports.

Fruits and vegetable prices increased approximately 18 percent over the last quarter of 2013, which averages the approximate 46 percent increase in potato prices, a 28 percent increase in vegetable prices and an approximate 10 percent increase in citrus fruit prices.

The price of cabbage in the Sverdlovsk region doubled, while onion prices increased 50 percent. Beetroot, carrot, banana and lemon prices increased by approximately 40 percent, 30 percent, 26 percent and 12 percent, respectively, according to Ural Business Consulting.

Meanwhile, the prices for sugar, butter, dairy and cheese products rose between approximately five percent to 13 percent over the final quarter of last year. Prices of sunflower seed oil, buckwheat, instant coffee and frozen chicken, however, fell approximately five percent, two percent, one percent and 0.7 percent, respectively.

The average grocery trip for a resident of the Sverdlovsk region reached $92.06 in the first quarter of 2014--an approximate 10 percent increase over the fourth quarter of 2013, Ural Business Consulting reports.