VOICED: Searing heat leads to soaring food prices in Russia

VOICED: Searing heat leads to soaring food prices in Russia

Assessment

Interactive Video

Business

10th Grade - University

Hard

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Quizizz Content

FREE Resource

The video discusses the significant rise in food prices in Russia, highlighting that staples like potatoes, cereals, and meat have become more expensive. Consumers are adapting by changing their shopping habits, such as buying less and comparing prices. The main cause of inflation is attributed to the disastrous summer of 2010, which saw fires and droughts leading to a 30% crop loss. This resulted in price hikes for agricultural products globally and domestically. Experts predict an annual inflation rate of 8-10%, which could impact society, especially with upcoming elections.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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