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Current Outcome of Food Prices Regulation
[Текущие Результаты Регулирования Цен На Продовольствие]

Author

Listed:
  • Ternovskiy Denis

    (The Russian Presidential Academy of National Economy and Public Administration)

Abstract

Direct regulation of prices on vegetable oil, sugar and bread has helped to stop their growth, however it has not resulted in stopping food inflation as a whole. Restrictive measures on wheat exports have led to world prices growth but when put into effect they can reduce prices for the consumers on the domestic market. Offered mechanism for revenue shortfall compensation for the agricultural producers will reimburse direct losses from the introduction of duties but not losses incurred from price reduction on the domestic market.

Suggested Citation

  • Ternovskiy Denis, 2021. "Current Outcome of Food Prices Regulation [Текущие Результаты Регулирования Цен На Продовольствие]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 46-50, February.
    • Handle: RePEc:gai:recdev:r2121
    as

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