Anti-Monopoly Watchdog to Investigate Info on Rising Food Prices 

Russia’s Federal Antimonopoly Service (FAS) will check the information about rising food prices, the watchdog’s press service said, according to TASS.

Earlier, the speaker of the State Duma (lower house of parliament) Vyacheslav Volodin asked Prime Minister Mikhail Mishustin to take measures to control rising food prices. According to Volodin, lawmakers have been receiving a lot of complaints from citizens about rising prices for food products.

“The service will conduct checks on the information on price hikes submitted by deputies of the State Duma at a meeting with the government on April 9,” the FAS statement said.

The regulator noted that it had switched to daily monitoring of prices in retail chains and online stores following the change of the economic situation. Earlier this week, hundreds of activists of the Kremlin-led All-Russian People’s Front have joined in the monitoring in all regions of Russia.

The FAS also reminded that it established a special “hotline” on food prices. 

Earlier, the watchdog reported that there are no objective reasons for the increase in the cost of sugar and buckwheat in Russia, since the available reserves can cover the demand of consumers.

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