Russian Wines are Promised to Rise in Price
OREANDA-NEWS. Analysts have promised that Russian wines will rise in price. According to RBC, by next year, wholesale prices may jump by 15-20 percent. This conclusion was made by the experts of the NKR rating agency.
Winemakers themselves believe that retail prices will rise by 10 percent. President of the Union of Winegrowers and Winemakers of Russia Leonid Popovich explained that inflation will give 5-6 percent, and another 5 percent can be added to the final price against the background of rising grapes. However, there are no exact estimates yet: first you need to wait for the harvest.
According to Rosstat estimates, in 2020, the average retail prices for Russian table grape wine (dry, semi-dry and semi-sweet) with a strength of up to 14 percent increased by 4.6 percent compared to the previous year, to 432.2 rubles per liter. Sparkling wine became more expensive by 4.5 percent and cost 359.9 rubles.
Earlier it became known that in June inflation in Russia accelerated to 6.5 percent compared to the same month last year, while in May it reached 6 percent at an annual level. The rise in prices broke a five-year record, hitting a high since September 2016, when inflation was 6.4 percent. The most expensive product was mayonnaise.