News

Easter basket 2024 will hit the pocket: experts calculated how much Ukrainians will spend

Horseradish
Ukraine
Market & Price Trends
Published Apr 17, 2024

Tridge summary

In 2024, Ukrainian families are expected to face a 17.6% increase in the cost of Easter basket products, with expenses rising to over 1,400 hryvnias for a family of four. This price hike is attributed to the rising costs of essential ingredients like butter, milk, yeast, and raisins, despite a decrease in the prices of eggs, sugar, and flour. Meat products, especially pork, homemade sausage, and lard, along with hard and soft cheeses, are the primary drivers of this increase. The economic repercussions of military actions, including production declines, higher energy costs, and logistical issues, are significant factors behind the rising prices. The article also notes a recent decrease in wholesale potato prices but does not foresee a reduction in cheese prices, although it anticipates promotions offering substantial discounts.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Easter basket products in Ukraine in 2024 will be more expensive than last year by more than 17% and will amount to more than 1.4 thousand hryvnias. According to the National Research Center "Institute of Agrarian Economy", this year traditional paska, eggs, homemade sausage, lard, butter, soft and hard cheeses, horseradish and salt will cost about 1422 for a family of 4 people. UAH 05, i.e. 17.6% more expensive than last year. Then the same set of products cost UAH 1,208.78. It is noted that the cost of the main component of the Easter basket - homemade pastries according to the traditional recipe (700 g of flour, 6 eggs, 150 g of butter, 300 g of milk, 400 g of sugar, 40 g of yeast, 200 g of raisins) - will be 179, UAH 8 per 1 kg, which is 5.8% higher than the cost of the 2023 paska with a cost of UAH 169.88. According to expert Yuriy Lupenko, such a relatively small increase in prices is due to a significant decrease in the prices of eggs (by almost 30%), sugar (-15%) and flour ...
Source: Unian
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