In Russia, prices for funeral products rose significantly in August, Kommersant writes.
Thus, according to the newspaper, the cost of coffins increased by at least 30%, wooden crosses – by 20%, and metal fences for graves – 2.5 times.
According to the head of the funeral homes “Cranes” Ilya Boltunov, coffins are so dramatically rising in price for the first time in 10 years. “Until now, prices for coffins have been growing within the inflation rate,” he said.
The reason for the rise in prices was the rise in prices for timber and metal. “The rise in prices for coffins by manufacturers is definitely not connected with the monopolization of the market,” said Vladimir Rodkin, vice-president of the Union of Funeral Organizations and Crematoria of Russia.
In the near future, according to experts, funeral accessories will not fall in price. If wooden coffins become inaccessible to certain categories of citizens, says Mikhail Burmistrov, general director of Infoline-Analytics, demand will shift to more budget options – for example, made of cardboard materials or laminated chipboard.
In early August, Kommersant wrote that the total revenue of Russian funeral agencies in the first half of 2021 increased by 9%, to 36.9 billion rubles, while the death rate in the country, according to official data, increased by 16% during this period. Experts associated this situation both with a significant share of this market in the gray zone, which is not included in the statistics, and with the fact that Russian residents began to save on funerals, primarily on additional services.