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Inflation In Russia Is So Crazy...Price Controls On 'Essential Food Products'
BI ^ | 2-3-2015 | Elena Holodny

Posted on 02/03/2015 6:55:42 AM PST by blam

Elena Holodny
Feburary 3, 2015

Food prices are out of control in Russia.

So now, Russian officials are even thinking about putting a price cap on "essential food products," reports the Moscow Times.

"We will see how to efficiently place [the restrictions] into law," the deputy prime minister Arkady Dvorkovich said.

He also added that the government may give "the state competition watchdog more power in enforcing existing retail market regulations," reports the Moscow Times.

What exactly counts as an "essential food product" is unclear at the moment.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: inflation; oil; prices; russia

1 posted on 02/03/2015 6:55:42 AM PST by blam
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To: blam

Price controls don’t work and lead to shortages.


2 posted on 02/03/2015 6:59:56 AM PST by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: I want the USA back
The Rooskis are following the lead of the Venz.
Will they ever learn ?
3 posted on 02/03/2015 7:00:49 AM PST by Eric in the Ozarks (Rip it out by the roots.)
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To: Kartographer
Outraged Russians Are Instagramming Their Food Inflation Nightmare

Translation:Watermelon!?!? No, don't need it. Somehow, we'll survive without it. #watermelon #goodpleasure #thepricesarebiting #blagoveshenk #blg #blaga #28region #28rus #blg

2360 rubles = $35.5 dollars
381.60 rubles per kilogram = $5.72 for 2.2 lbs

4 posted on 02/03/2015 7:02:25 AM PST by blam (Jeff Sessions For President)
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To: blam

Price controls are a black markets best friend.


5 posted on 02/03/2015 7:03:05 AM PST by Bogey78O (We had a good run. Coulda been great still.)
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To: blam

Russia is the new “Planet Algon.”

Voice Over (John Cleese): This is the planet Algon, fifth world in the system of Aldebaran, the Red Giant in the constellation of Sagittarius. Here an ordinary cup of drinking chocolate costs four million pounds, an immersion heater for the hot-water tank costs over six billion pounds, and a pair of split-crotch panties would be almost unobtainable. (cut to a budget-day-type graphic, with a picture of the product and the price alongside) A simple rear window de-misting device for an 1100 costs eight thousand million billion pounds and a new element for an electric kettle like this (picture of electric kettle) would cost as much as the entire gross national product of the United States of America from 1770 to the year 2000, (graphic of American GNP) and even then they wouldn’t be able to afford the small fixing ring which attaches it to the kettle.


6 posted on 02/03/2015 7:07:10 AM PST by dfwgator
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To: I want the USA back

With price controls, wage controls can not be too far behind!


7 posted on 02/03/2015 7:13:05 AM PST by SIRTRIS
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To: blam

There is a choice. Food is too expensive to buy and pay rent, too, or it is price controlled and unavailable. Then there is the black market which will burgeon. By clamping down controls the government loses control.


8 posted on 02/03/2015 7:18:05 AM PST by arthurus (It's true!)
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To: blam

“essential food product” = vodka

You WOULD see a revolution then.


9 posted on 02/03/2015 7:19:35 AM PST by alloysteel (The Internet is like an icy sidewalk. One slip, and BOOM!, down you go)
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To: blam
What exactly counts as an "essential food product" is unclear at the moment.

cabbage
10 posted on 02/03/2015 7:40:06 AM PST by Chad_the_Impaler
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To: Chad_the_Impaler

I guess those Soviet-era cookbooks will soon be dusted off.


11 posted on 02/03/2015 7:43:53 AM PST by Charles Martel (Endeavor to persevere...)
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To: blam


12 posted on 02/03/2015 7:48:06 AM PST by Brother Cracker (You are more likely to find krugerrands in a Cracker Jack box than 22 ammo at Wal-Mart)
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To: SIRTRIS
"With price controls, wage controls can not be too far behind!"

Yup. I was wage controlled by the Nixon administration way-back-when.
(The way around it was to get promoted to a higher position)

13 posted on 02/03/2015 10:22:34 AM PST by blam (Jeff Sessions For President)
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To: blam
Venezuela's 'socialist paradise' turns into a nightmare: medical shortages claim lives (shortened)
14 posted on 02/03/2015 10:26:40 AM PST by blam (Jeff Sessions For President)
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To: blam
Teacher:"What do you want to be when you grow up Tommy?"

Tommy:"A Black Market Dealer, in booze, chicken nuggets and fries."
15 posted on 02/03/2015 10:56:28 AM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: blam; All

So the Ukraine based Russian sanctions are working? The people will say to Putin “get out of Ukraine?”


16 posted on 02/03/2015 3:56:58 PM PST by gleeaikin
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To: blam

price caps will never work

They should see how Venezuela is doing with empty shelves


17 posted on 02/03/2015 3:58:35 PM PST by GeronL
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To: SIRTRIS

communism is back, baybay


18 posted on 02/03/2015 4:00:07 PM PST by GeronL
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