As Russia’s Food Prices Soar, Bakers Are Feeling the Squeeze

by Evan Gershkovich

The cost of key ingredients like sugar and eggs grew by around 28 and 26 percent respectively last year, while grains and flour rose by approximately 7 to 20 percent. In the first two weeks of 2019, inflation jumped beyond the Central Bank’s expectations, with the price of flour growing by 2.6 percent and prices overall increasing by nearly 1 percent, the Vedomosti business daily reported.