Russia's Currency Exchange Rate Is The Driving Force For Rising Commodity Prices.

On January 8th, consumer prices rose by more than the 2014 level in 2015.

According to Russian Federation's National Bureau of statistics, prices rose 12.9% in 2015 compared with 11.4% in 2014.

Russia's currency exchange rate was the driving force for the rise in commodity prices. In May, the exchange rate of the US dollar against the ruble was 1:50, and it exceeded 1:73 at the end of 12.

Experts predict that no matter what the trend of the economy, the 5 commodities will increase in 2016.

Russian apparel

Similarly, the value of imports will increase as the exchange rate of the US dollar increases.

According to the Russian textile and light industry entrepreneurs Association, Russian domestic products account for about 1/4 of the retail market, while the rest are legitimate imports and smuggled clothes.

If there is no special national plan, Russia's light industrial products will not have a greater degree of import substitution in 2016.

The Russian footwear market structure is similar to that of the clothing market.

The proportion of finished products imports accounted for about 80%.

Therefore, the market also depends on exchange rate fluctuations.

According to the Russian tanneries and shoemaker Association, footwear prices may rise by an average of 10-12% in 2016.

The exact number will depend on the store.

From simple vacuum cleaners to smart phones full of latest technological achievements, all prices will rise.

The average price increase will reach 5-12%.

In 2015, Russian household appliances and electronics prices rose by an average of 20-25%.

The price of newspapers, magazines and books may rise in 2016 as the cost of paper increases.

In February 2016 and June, paper prices will rise by 5-15%, and will be reflected in the cost of terminal products.

The specific changes in price increases will depend on the economic situation.

In 2015, the average price of Russian printed products increased by 30%.

The printing market fell by the same margin.

The proportion of imports of Russian building materials market is relatively large.

Sand, gravel, brick, cement and other basic building materials imported from abroad only 5%, but some high value-added building materials, imports rely on up to 90%.

Demand and prices of building materials are expected to rise in the spring, especially if rouble continues to fall against the US dollar and the euro.