Economy17.11.2023 - 22:39

The expert explained why prices do not fall after the dollar

The fall of the dollar against the ruble is accompanied by an unexpected phenomenon: prices in stores are in no hurry to fall, which has aroused the interest of economists.

Фото: Global Look Press

Over the past month, the dollar has lost more than 10% of its value against the ruble. The current rate is less than 89 rubles per dollar.

Despite such a significant decline in the currency, prices for goods in stores are not falling as fast as the dollar rate.

Evgeny Nadorshin, chief economist of the consulting company PF Capital, said on the air of Tsargrad that he sees this as an ambiguous situation in the price market. He pointed to a slight decrease in the cost of some goods by 2-3%, especially on online sites. However, this does not correspond to a significant strengthening of the ruble.

The expert emphasized that now there is a "catastrophic" increase in inflation expectations, highlighting examples of conversations with sellers, where the price increase was justified by the general trend. Nadorshin noted that price increases are not always explained by real costs, but rather a reaction to similar actions of competitors.

Recall that earlier the Ministry of Finance of the Russian Federation reported that in September doubled investments in U.S. government debt.

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