The impact of tight monetary policy on consumer inflation of major socially significant food products

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Abstract

The article examines inflationary processes in the market of agricultural and food products, trends and current state, the consequences of rising inflation for agriculture and the food industry, the consumer market. An assessment is given of the monetary policy and strategy of the Central Bank of Russia to curb inflation by raising the key rate and its impact on consumer inflation of socially significant food products: bread and bakery products, cereals, flour, meat, including poultry meat in 2023 and the first half of 2024. The influence of external factors of inflation on the group of food products and agricultural raw materials is considered.