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Consumers feeling the pinch in Moscow

Friday, January 16, 2015 - 01:21

Russian consumers say economic crisis has already brought price hikes on products, including milk and meat. Deborah Lutterbeck reports.

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Filling a grocery cart in Moscow is getting more expensive. A combination of Western imposed sanctions over Ukraine, a retaliatory ban on Western food imports as well as a plummeting rouble have spurred inflation in Russia. Consumers are feeling the pinch. (SOUNDBITE) (Russian) CUSTOMER, LYUDMILA, SAYING: "We feel it almost every day. Of course it does hurt us, but for now it is bearable." Russians hitting the store after the long New Year holidays, say prices are only moving higher. (SOUNDBITE) (Russian) CUSTOMER, KONSTANTIN, SAYING: "Yes, I feel it very much. I was just telling the cashier that the price for sugar has almost doubled. If I knew where it was going I might have bought more. What else? Sausage is more expensive. Meat and milk products are more expensive , mostly cheeses, cottage cheese and milk." There have been no major protests over the economic crisis so far. And and Russian president Vladimir Putin's popularity soared after Russia annexed the Crimea last March. But critics warn Putin risks a wave of protests if prices rise sharply in the coming months.

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Consumers feeling the pinch in Moscow

Friday, January 16, 2015 - 01:21