Russian New Year celebrations are traditionally marked with the consumption of Olivier salad, a dish that has its roots in the 1860s when French chef Lucien Olivier introduced it to the Russian Empire. Nowadays, everyone has their own recipe for the salad, which typically includes ingredients such as sausage, potatoes, and mayonnaise. However, due to soaring inflation and a weakening ruble following American sanctions and increased military spending, the cost of staple ingredients for the salad has surged, impacting ordinary Russians who are feeling the pinch of rising food prices. The so-called Olivier Index, which tracks the cost of making the salad for four people, has seen a significant increase year over year.
In addition to the rising cost of Olivier salad ingredients, other grocery items like eggs, butter, and potatoes have also become more expensive, putting a strain on the average Russian’s budget. The increasing prices have become the most pressing concern for many Russians, with rising costs eclipsing concerns about the war in Ukraine, according to a study by a Moscow-based agency. The impact is felt especially by the poorest segment of society and the middle class, which is accustomed to higher levels of consumption and imported goods. The ongoing economic difficulties have led to anxiety about future financial stability.
Putin acknowledged the problem of inflation in Russia, attributing it in part to international sanctions and the “overheating” of the economy. However, he also appeared to criticize the country’s central bank for failing to address inflation effectively. Despite the economic challenges, significant political dissent has yet to emerge, possibly due to widespread repression of dissenting voices. Putin’s ability to shift blame for high prices away from himself onto the government or businesses may help maintain a sense of stability, but the rising prices are likely to intensify pressure on the government to address the situation.
Despite the economic challenges, some Russians like music teacher Svetlana Govorukhina are determined to make the best of the New Year celebrations. Govorukhina remains positive about her ability to afford some luxury items like caviar despite the rising prices, emphasizing the importance of lifestyle over material wealth. Russians are finding ways to cope with the economic difficulties, with some turning to homegrown produce and more affordable options while still trying to maintain traditions like making Olivier salad for New Year’s celebrations. The impact of economic hardship is more keenly felt by those who have young children and are faced with the increasing cost of necessities like baby food and diapers.
