Dynamics of milk inflation in Ukraine and Poland in April

Poland

Ukraine

Published May 29, 2023

Tridge summary

According to the State Statistics Service, overall consumer inflation in Ukraine as of April slowed down to +17.9% year-on-year due to a high base last year (+21.3% as of March y/y). The same reason explains the decrease in the official Consumer Price Index for milk, which was 12.2% higher than in April last year (in March, the growth was +15.0% y/y), reports the Telegram channel UA-82.5.

Original content

Wholesale prices of the fresh category in April also continued to show a slowdown in growth rates, +6.3% compared to the corresponding month last year (in March +8.3% y/y). On the raw materials market last year, we recall the failure associated with the war, the destruction of logistics and the drop in demand, respectively, the decrease in prices for raw milk. Therefore, the Infagro raw milk price index in the reporting month is 16.9 percentage points higher than in April last year (+20.6% points based on the results of March y/y). In the coming months, we are waiting for the return of the index to the average annual framework (+5+9% y/y), similar to the dynamics of the cost of finished products. Overall consumer inflation in Poland in April was expected to decrease due to the high base of last year and amounted to +14.7% by April last year (+16.1% based on the results of March y/y). Inflation in retail remains significant (preliminary for April, at the level of +30% y/y) and ...

Source: MilkUA