In Russia, a proposal to introduce state regulation of potato prices is under consideration. Boris Chernyshov, Vice Speaker of the State Duma, addressed this matter with Maxim Reshetnikov, head of the Ministry of Economic Development.
According to Rosstat and the Central Bank, retail prices for potatoes surged by 92% in 2024, escalating from 28 rubles in December 2023 to nearly 57 rubles by December 2024. The document available to Izvestia indicates that potato prices are expected to continue rising in 2025.
The Deputy highlighted that a government decree allows for the imposition of marginal prices on certain essential foodstuffs for up to 90 days if their cost increases by 10% or more over 60 consecutive days, considering seasonal factors.
Chernyshov's address calls for monitoring potato price dynamics, accounting for potential seasonal fluctuations, and initiating a temporary price restriction if the increase surpasses established parameters. He noted, "Potatoes are sometimes called the second bread, so serious price fluctuations for this socially significant product significantly increase the burden on the budget of millions of families."
He further explained that the vegetable, traditionally affordable, has nearly doubled in price in 2024, with growth accelerating in 2025. Official data from Rosstat shows a 23.9% increase since the year's start, posing a threat to food security, particularly for low-income citizens.
Chernyshov emphasized that temporary price restrictions are a lawful and reasonable measure to protect citizens from unjustified price hikes and prevent speculation.
Source: IZ.ru