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Have prices changed due to the Ruble drop?

Have prices changed due to the Ruble drop?

Old Aug 22, 15, 12:27 pm
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Have prices changed due to the Ruble drop?

I am wondering at how fast prices change after a substantial currency drop? I am thinking of going to St. Petersburg in December and would like to know how fast local merchants are to raise prices. I am assuming that now would be a great time to lock in a hotel as prices seem to be low.

Thanks in advance.
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Old Aug 22, 15, 3:09 pm
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It depends. Food in the restaurants? For most offerings not much of an increase during the last 12 months (in rubles, so a major drop in $/EUR). Hotels? Again, for most hotels the $/EUR prices are way lower. Soveniurs and other tourist-oriented goods? Probably not.
Temedar is offline  
Old Aug 24, 15, 12:52 pm
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The last time the Ruble hit this low (January / February 2015) it took a few months for the local merchants (non-tourist stuff) to bump prices up.

I wouldn't be afraid to "lock-in" a hotel now but it is hard to say what may change from now to December.
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Old Aug 27, 15, 12:47 pm
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Just booked a hotel in central Moscow (Courtyard) that's walking distance to Red Square for next summer (pre-paid rate) for 4850 rubles/night - $73/night at today's exchange rates.
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Old Aug 31, 15, 4:47 am
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I was at the Sheraton two nights ago at SVO for $49 including breakfast (and a free upgrade at check in to a Junior Suite). It pains me that my Russian friends are going through the angst they are financially but tickets and hotel rooms are coming back at shockingly pleasant prices.
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Old Sep 2, 15, 11:38 am
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along the same lines - how is currency exchange at SVO?
Can you get a decent rate for USD? Or better to utilize ATMs?
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Old Sep 2, 15, 11:53 am
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Originally Posted by pjs View Post
Just booked a hotel in central Moscow (Courtyard) that's walking distance to Red Square for next summer (pre-paid rate) for 4850 rubles/night - $73/night at today's exchange rates.
I booked a pre-paid room as well, but the charge hasn't yet shown up on my statement. The reservation is for a couple of weeks from now, but the rate that I booked at was still better than today's rate.
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Old Sep 2, 15, 4:40 pm
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It depends what you are after. Museum tickets are roughly the same however, hotel prices at some of the 5 star hotels have increased accordingly. The Four Seasons in Moscow and St. Petersburg, is still 350 dollars a night or more.
Some bargains can be hard in the lower category hotels.

Imported items match international prices, naturally.

Food at restaurants cost more. Inflation is at a near 12%. However places frequently by locals are roughly the same, perhaps a little higher.

On a whole, the "screw you" prices of 2005-6 are a distant memory and more in line with reality. I would say your money will go further.
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