“At the end of last year, we faced another challenge - accelerating inflation and rising prices for a number of products, primarily food products, socially significant essential products,” RIA Novosti quoted him as saying during a speech in the State Duma.
Reshetnikov noted that this was influenced by the dynamics of the exchange rate.
“The first wave of ruble depreciation fully manifested itself towards the end of autumn, when consumer demand recovered.
The second wave was superimposed on this background - therefore, the transfer of the exchange rate into prices turned out to be stronger and concentrated on November-December, ”the minister said.
The head of the Ministry of Economic Development also said that the increase in the cost of goods was influenced by the rise in prices on world markets.
Earlier, Russian President Vladimir Putin said that the situation in the global food market is getting worse.