Consumer inflation in Ukraine accelerated to 26.6% in October
Dairy
Ukraine
Published Nov 15, 2022
Tridge summary
Consequently, consumer inflation in Ukraine in October accelerated to the level of 26.6% by October last year (+24.4% in September). The official index of consumer prices for milk (State Stat) is growing more slowly and is 19.8 percentage points higher than in October last year (+19.4% in September). Wholesale prices of the fresh category in October was 11.5% higher than the corresponding period last year.
Original content
The gap between wholesale prices and the cost of selling products (as well as the dynamics of their growth) in the last 6 months remains significant due to the increase in the price of logistics and retail services. A more indicative difference, or, more precisely, its absence in relation to the wholesale prices of the fresh category (milk, sour cream, cottage cheese group), is the dynamics of the cost of raw milk. The rate of growth of raw materials in October accelerated as expected, annual inflation is 10%. From this, we conclude that the increase in the price of raw materials and wholesale prices for dairy products went steadily last year, the main acceleration is recorded already at the stage of getting the products "on the shelf". Polish consumer inflation, although it is one of the highest in the EU, remains significantly lower than the Ukrainian level. The consumer price index in the country in October was 17.9% compared to the same period last year (17.2% in September). ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.