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Caucasus/Russia/Central Asia

In Ingushetia, food price increases will be curbed during Ramadan

2024-03-13

Direct Translation via Google Translate. Edited.
[Regnum] The head of Ingushetia, Mahmud-Ali Kalimatov, gave orders to control the rise in food prices during Ramadan.

Giving them bread, if not circuses.

This year, the Muslim holy month of Ramadan, which includes fasting, falls from March 10 to April 9. One of the steps in containing prices was the signing of a memorandum on limiting the trade margin on chicken eggs, the rise in price of which Russian President Vladimir Putin drew attention to back in December, to 10%. In addition, the regional Ministry of Industry and Digital Development, together with the Rospotrebnadzor department and representatives of local governments, will monitor food prices every day in order to detect facts of their unjustified increase.

Municipal authorities received a recommendation to establish a markup of 10% on the selling price for socially significant goods, as well as to organize discounts on relevant products.

The head of Ingushetia, Mahmud-Ali Kalimatov, spoke about food prices during Ramadan, noting that during this period, when Muslim believers must fast, people are especially inclined to pay attention to rising prices and worry about it. Now, as the head of the subject stated, no episodes of unjustified price increases or facts of reduction in the range of products presented in retail outlets have been identified.

At the moment, in Ingushetia, the markup on products in retail outlets varies on average within 10–20% of the purchase price. In addition to the measures listed above designed to help reduce prices, Mahmud-Ali Kalimatov gave instructions to hold food fairs during Ramadan. They will be held every week on Saturdays throughout the holy month in populated areas of the republic. At the fairs, residents of the region will be able to purchase products from local producers at prices below market prices. The first such fair is scheduled for March 15.

Mahmud-Ali Kalimatov drew attention to the fact that fairs are in demand not only among guests and residents of Ingushetia. Manufacturers are also interested in them, because they have the opportunity to sell their products without intermediaries. The head of the republic sees the task of the authorities primarily as meeting the needs of the domestic market at the expense of local producers.

Posted by:badanov

#4 Thought it the perfect time for price explosions.

Posted by: swksvolFF 2024-03-13 15:42

#3 during this period, when Muslim believers must fast, people are especially inclined to pay attention to rising prices and worry about it.

Wait til the day after, though...

Posted by: Frank G 2024-03-13 10:31

Posted by: Skidmark 2024-03-13 10:09

#1 Will the Biden administration follow suit? Might help his poll numbers.

Posted by: Raj 2024-03-13 00:04

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