From Eggs to Butter: Which Products Increased in Price the Most in Ukraine.


Ukrainians felt a record increase in prices for basic food products this spring. Prices rose most sharply for vegetables and eggs, with an increase of over 18% in one month.
According to 'Minfin', prices for products in Ukraine increased by 3.3% compared to the previous month, which is the highest rate this year.
According to State Statistics, the leaders in price growth in October were:
- vegetables - by 18.2%
- eggs - by 18.1%
- butter - by 6.9%
- fruits - by 4%
- sunflower oil - by 3.3%
- cheese and cottage cheese - by 2.9%
- bread - by 1.6%
Vitaliy Shapran, former NBU Council member, explains that 'climate conditions year after year lead to seasonal price increases. This year it will be even more noticeable due to the increase in electricity prices starting from June 1.'
climate conditions year after year dictate the terms of seasonal price increases in Ukraine. This year it will be even more noticeable due to the increase in electricity prices starting from June 1
Manufacturers attribute the price increase to the rise in production costs. 'This year, the price of raw materials has increased more than ever - by 27%. The cost of electricity has increased by over 40%. Gas has also become more expensive. All this affects the cost of the finished products,' said Sergey Vovchenko, head of the company 'Milk Alliance.'
According to retail chains, as of early November, there is a trend of price increase. This is especially noticeable in the category of dairy products, where butter is already being sold for over 100 hryvnias per package.
The only product that decreased in price in October was sugar. Its price decreased by 4.2% compared to September of this year.
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