Weak rouble drives food costs

Russia is on track for one of the deepest recessions in its modern history. After the rouble crashed in the wake of the invasion of Ukraine, Russians now face soaring food prices


Weekly price increases of staple foods (average change, Mar 12-18)

Granulated sugar	13.8% 
Onions 			13.7%
Tomatoes 		8.2% 
Bananas 		7.8%
Cabbage 		6.4% 
Carrots 		5.6%
Table salt 		4.0%
Black tea 		4.0%
Rice 			3.9%
Apples 			3.9%
Potatoes		3.1%


Feb 1: 76.69

Feb 22: 78.87

Feb 24: 84.96
Invasion of Ukraine

Mar 7: 142.64  
86% fall in value since  Feb 1

Mar 12: 133.99

Mar 27: 100.51 
Buying power
of rouble down 18.3% since invasion

Roubles per US$


140
120 
100 
80 
60

1 5 10 15 20 25 1 5 10 15 20 25
FEBRUARY MARCH


Sources: Bloomberg, Rosstat Statistics Service 
Picture: Getty Images 
© GRAPHIC NEWS