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Prices for imported shoes may rise Price increase
13.10.2016 1913

Prices for imported shoes may rise

Rising prices will affect non-food products - textiles, clothes and shoes, underwear, cosmetics, electrical goods and all kinds of haberdashery will rise in price, Bank of Russia analysts came to this conclusion. 

The forecast for an increase in import prices is due to the assumption that in the near future, importers will try to win back their margins, which have fallen sharply over the several crisis years, and this could provoke an increase in prices for durable goods, primarily imported ones. 

Although the popularity of domestically produced goods increased in Russia during the crisis, the share of domestic products replacing imports in the consumer price index is small - only 2,26%, according to a study by the Central Bank of the Russian Federation “What Trends Talk About”.

Rising prices will affect non-food products - textiles, clothes and shoes, underwear, cosmetics, electrical goods and all kinds of haberdashery will go up, the Bank’s analysts came to this conclusion ...
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