Russia: Bread prices are expected to rise in the Nizhny Novgorod region

Bread prices in the Nizhny Novgorod region are likely to rise due to a nearly 40% increase in flour prices, higher transport and utility costs, and increased employee salaries amid a labor shortage. Bakeries are proposing a 10% price hike, but stores are concerned about potential drops in consumer demand. Despite these issues, the regional Ministry of Agriculture assures there is no expected bread shortage, although grain prices have been rising since early May.

Nizhny Novgorod. July 11. NewsRoom24.ru - Bread may become more expensive in the Nizhny Novgorod region due to rising costs. Rossiyskaya Gazeta reports this. Thus, in just one month, prices for flour have increased by almost 40% - primarily we are talking about products of grades 1 and 2. In addition, bakeries have increased costs for transport, utility bills and employee salaries, which have to be increased due to a shortage of personnel. In this regard, enterprises propose to increase the selling price of bread to 10%. Stores do not want to agree to such a step, fearing a decrease in consumer demand. The regional Ministry of Agriculture previously noted that there is no forecast of ...