Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
LIVE: Donald Trump's inaugurationWorld January 20, 18:21
Photos of the week: Trump in front of Lincoln, Miss Universe beauties and icy plungesSociety & Culture January 20, 18:21
Kremlin spokesman shrugs off cabinet shake-up rumors as ‘usual fun and games’Russian Politics & Diplomacy January 20, 18:17
Kremlin not stricken by any 'horror' from Trump's inaugurationRussian Politics & Diplomacy January 20, 18:08
Russian Foreign Ministry says situation in Venezuela may lead to color revolutionRussian Politics & Diplomacy January 20, 17:47
MOSCOW, August 2. /TASS/. No significant changes in food prices are expected in Russia in connection with the food embargo extended until 2017 year-end, press service of the Ministry of Economic Development told TASS on Tuesday.
"Extension of food embargo until 2017 year-end is present in all forecasts but main effect of sanctions introduction already showed up. Hence no significant change in food prices is expected," the ministry said.
Impact of this factor virtually exhausted by the send half of 2015, the ministry reported. "Foods market managed to adapt to new conditions: procurements at lower prices started. The process of foods import substitution by cheaper domestic products was also proactive," the ministry said.
Hence food inflation declined to 6.2% in annual terms in June 2016. "Inflation input of food prices hike declined on an annualized basis from maximum of 52% in February 2015 to 31% in June 2016," the ministry reported.