The content of the article
- What will rise in price due to the collapse of the ruble
- When prices will rise
- What will happen to food
The financial situation worsened after Russia withdrew from the agreement to reduce oil production. Fuel prices fell sharply, which led to the depreciation of the ruble. The situation exacerbated the spread of coronavirus infection, which limited contact between states. All this is reflected in rising prices for goods..
What will rise in price due to the collapse of the ruble
Financial experts and analysts believe that serious changes will affect imported products. More than 45% of household appliances and 80% of smartphones are imported from abroad. The increase in the value of goods can be up to 35%.
Many foreign companies produce products in the Russian Federation. The coronavirus epidemic disrupts the supply of components, which also affects prices, but their growth will not exceed 10%. Experts predict an increase in the value of goods imported from China.
Most expensive:
- Appliances.
- Computers, Electronics.
- Smartphones.
- Medication.
- Clothes and shoes.
- Childen’s goods.
- Cars, including domestic brands.
- Travel packages.
- Real estate – new buildings and secondary housing.
When prices will rise
Rapid changes will occur in the pharmaceutical field. This is due to the limited duration of the drugs, their rapid turnover, the lack of large stocks. Domestic pharmaceuticals failed to rebuild to replace imported drugs with Russian counterparts.
According to analysts, the increase in prices for household appliances, electronics will occur smoothly for six months. In the warehouses of large trading companies are still stocks of goods. Residents of Russia in the coming months will have time to buy them at the same cost.
What will happen to food
The economic sanctions of the Western states, which were adopted in relation to our country, gave impetus to the development of agriculture. Import in this industry is 26%. They import only what we do not grow due to climatic conditions. There will be no sharp rise in price for the main food products that are produced in Russia..
What products do you think will become more expensive as the ruble continues to depreciate? Are there any specific goods or commodities that you anticipate will experience significant price increases due to this currency devaluation?
As the ruble continues to depreciate, it is likely that imported products will become more expensive. This includes goods such as electronics, luxury items, and imported food products. Additionally, commodities like oil and gas, which Russia heavily exports, may also experience price increases. The devaluation of the ruble can make it costly to import goods and pay for imported raw materials, leading to higher prices for these products in the domestic market.
Due to the depreciation of the ruble, imported products, including electronics, luxury items, and imported food products, are likely to become more expensive. This also applies to commodities like oil and gas, which Russia heavily exports. The devaluation of the ruble makes it costly to import goods and pay for imported raw materials, ultimately leading to higher prices for these products in the domestic market.
As the ruble continues to depreciate, products that rely heavily on imports will likely become more expensive. This includes items such as electronic devices, imported food products, and luxury goods. Commodity prices, especially those tied to global markets like oil and precious metals, are also expected to rise as the ruble weakens. Additionally, any goods that are manufactured using imported raw materials or components will likely see price increases as the cost of production rises. Overall, the depreciation of the ruble is likely to impact a wide range of products, ultimately leading to higher prices for consumers in Russia.