date:Aug 11, 2014
y offset the supply shortage, Russian food prices will continue to creep higher, BNP Paribas said, noting that the ban would add 1.8 percentage points to Russia's consumer price index over 2014-15.
The prospect of higher inflation could weigh on retail sector shares - including Magnit, X5 Retail Group, Lenta, Dixy and O'Key - analysts said.
It will be difficult to pass cost inflation on to the consumer immediately, so we expect some pressure on margins over the short run, VTB Capital consumer