‘Let them eat caviar’: Salmon eggs buck trend as Russia fights losing battle with inflation

by
Matthew Wilcox

Salmon caviar has emerged as one of the few products experiencing minimal price growth amid Russia’s broader inflationary pressures.

According to the latest figures from the Bank of Russia, salmon caviar was listed among the five products with the lowest inflation rates.

While the general cost of living has surged, with food prices up 10% year-on-year and staples like eggs seeing a 50% increase, salmon caviar has remained relatively stable in price.

This stability contrasts sharply with the rising costs in other sectors, driven by factors such as increased military spending and supply chain disruptions. The Bank of Russia has been actively raising interest rates to curb inflation, now at 18%, but the economic environment remains challenging.

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