Since the new year, housing and communal services, food and imported equipment will rise in price

The most unpleasant thing that ordinary consumers can face is payment for “communal” in 2021 may well grow by more than 4–6%.

This is done ostensibly in order to reduce the “shortfall” income of the management companies and DUKs.

Also, from January 1, 2021, the cost of excise taxes on all alcohol will increase, and as a result, the prices for alcohol will also increase. It is expected that vodka will rise in price by 5,7%, cognac — by 3%, brandy and alcohol produced from wine, grape, fruit, cognac, calvados and whiskey distillates — 2,8%, champagne and sparkling wines — by 3%.

Unpleasant news awaits smokers as well — a pack of cigarettes can rise in price by 20 rubles on average.

The fall in the value of the ruble will negatively affect the price foreign goods: gadgets, household appliances, clothes, shoes. Experts note that already now their cost is growing by 15–20%, and will continue after the New Year holidays. Food products, the cost of which also depends on the exchange rate, will not be an exception.

Experts do not exclude that milk and dairy products will be among the first to rise in price in the new year due to the introduction of mandatory labeling. Also pasta will rise in price, since their cost includes the highest share of food wheat, market prices for which have also updated perennial highs. Sugar will rise in price.

Milk and dairy products in 2020 have risen in price by an average of 5–10% due to the devaluation of the ruble, the rise in the cost of feed, the increase in producers’ costs. Next year, the trend may continue due to the depreciation of the ruble, the introduction mandatory labeling of dairy products.

Moreover, the according to expert forecasts, inflation will continue to rise in 2021, the value of the dollar and euro will continue to grow, due to the gradual depreciation of the ruble.

“Inflation is explained, on the one hand, by the weakening of the ruble, on the other hand, by the printing of money by the Bank of Russia, which finances the budget deficit on the security of OFZs. On the horizon, at least next year, there is no reason for the budget to stop being in deficit.

Oil is unlikely to grow significantly due to the impact of the coronavirus, while oil and gas revenues are about 30% of the federal budget of the Russian Federation.

There is also a national plan to save the Russian economy until the end of 2021, which requires a lot of money. At the same time, according to the experience of the current year, we can say that the government will not spend the money-box — the National Welfare Fund — on this “

explained expert leading analyst at Forex Optimum Ivan Kapustyansky.

Originally published at on November 22, 2020.

True Russian news. Corruption. Lawlessness. Putin.

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