The Russian Prime Minister went shopping in Moscow, and succeeded in getting a supermarket manager to cut the price of his meat. Vladimir Putin dropped in unannounced store in the west of the Russian capital.
He compared the price of the pork with the cost-price and challenged the managing director on the 120 per cent mark-up. Putin told him the profit-margin was very high. The manager immediately said he would lower it – tomorrow. The visit came after the government had discussed new laws on state regulation of retail prices. Officials have been following a populist path in recent weeks over food prices, with 75 per cent of Russians surveyed naming rising costs as the country’s biggest problem. Inflation has reached more than 7 per cent since the beginning of the year. But Putin was told that all prices on basics like dairy products, bread and eggs are low.