Price for potatoes triple as Russians struggle with inflation<br /><br />At a farm near Moscow, newly arrived guest workers from India are planting potatoes and cabbages — work closely monitored by central bank analysts as they prepare for board meetings to set interest rates.<br /><br />While in developed economies such as the United States food accounts for about 14% of the basket used to calculate inflation, in Russia it makes up a hefty 40% or so, and surging prices for potatoes and other staples have been a major reason for its tight monetary policy.<br /><br />Potato prices, which have tripled since last year when the crop fell by 12%, are not helping matters.<br /><br />REUTERS VIDEO<br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br />Visit our website at https://www.manilatimes.net <br /> <br />Follow us: <br />Facebook - https://tmt.ph/facebook <br />Instagram - https://tmt.ph/instagram <br />Twitter - https://tmt.ph/twitter <br />DailyMotion - https://tmt.ph/dailymotion <br /> <br />Subscribe to our Digital Edition - https://tmt.ph/digital <br /> <br />Check out our Podcasts: <br />Spotify - https://tmt.ph/spotify <br />Apple Podcasts - https://tmt.ph/applepodcasts <br />Amazon Music - https://tmt.ph/amazonmusic <br />Deezer: https://tmt.ph/deezer <br />Stitcher: https://tmt.ph/stitcher<br />Tune In: https://tmt.ph/tunein<br /> <br />#TheManilaTimes<br />#WorldNews<br />#Russia
