The key facts

  • Butter with 72.5% fat content fell in price by 10% over the week from October 31 to November 7
  • The Mishka Index rose by 0.9% over the week, and by 10.5% year-on-year
  • Annual inflation in Russia reached 6.95% as of November 2, according to the Ministry of Economic Development

Sharp weekly drop in butter prices

Butter with 72.5% fat content in Russian stores fell in price by 10% over the week from October 31 to November 7. Alexander Abramov, creator of the Mishka Index and head of the Laboratory for Institutional and Financial Market Analysis at IPEI of the Presidential Academy, told Gazeta.Ruabout this. According to him, over the same week carrots rose in price the most — by 22.2%, while the prices of the other items in the index did not change. The Mishka Index itself rose by 0.9% over the week, compared with 2.6% the week before.

The picture in year-on-year terms

In year-on-year terms, as of November 7, 2026, the index had increased by 10.5%, after rising 9.3% a week earlier. Over the year, prices rose for carrots (+43.5%), processed cheese Fetaxa (+41.9%), Every Day whole chickens (+38.4%), Okskie category C1 eggs (+33.3%), Fruit-Tella children's gummies (+18.7%), Matias herring (+13.2%), bananas (+7.1%), Every Day white bread (+4.5%) and J7 orange juice (+3.3%).

What became cheaper over the year

Notably, the weekly drop in butter prices fits into a longer trend: in year-on-year terms it fell by 5.3%. Over the year, prices also declined for Akbar black tea (-25.6%), Domik v Derevne milk with 3.2% fat content (-13.3%), Oleina sunflower oil (-8.6%) and Mishka Kosolapy candies (-4.5%). Thus, the cheaper prices of individual products are occurring against the backdrop of an overall rise in the index, which noticeably outpaces official inflation: according to the Ministry of Economic Development, annual inflation in Russia reached 6.95% as of November 2. Earlier, as the outlet noted, a sharp drop in gummy candy prices was reported.