What is Causing Price Increases for Products in Online Markets: Founder of Wildberries

Due to the unstable exchange rate of foreign currency and the high prices of coding services from foreign partners, the costs associated with labeling foreign products have risen. Russian importers are forced to bear additional expenses, wrote Tatiana Bakalchuk, the founder of Wildberries, in Forbes.

According to her, labeling leads to an increase in product prices. Online retailers are expected to raise prices by 26.6 million rubles in 2022 due to the necessity of indicating a labeling code on receipts, Bakalchuk warned.