Price of cereals basket grows by 12% in H1

REUTERS The price of a cereals basket in January-June 2019 grew by 12% compared to the same period last year. "According to our own study of food prices, a cereals basket added 12% in price from January 1 to July 1, 2019," Chairman of the Ukrainian Association of Retail Chain Suppliers Oleksiy Doroshenko said on Facebook. Read alsoInflation in Ukraine in July higher than expected – NBU The cereals basket includes millet, which went up in price by 35% during the reporting period, as well as barley groats (by 8%), semolina (by 6%), buckwheat (by 3%). At the same time, the price of rice decreased by 2% in the six months. The expert added that according to the results of the first half of this year, the vegetable basket in Ukraine went up by 52% in price, and the price of the bread basket grew by 9%. In addition, the dairy basket rose by 2.6% in price, and the price of the meat basket increased by 1.6%. "But as vegetables, cereals and bread are balanced by a much more expensive dairy and meat products, consumer inflation in Ukraine in monetary terms, which, according to the NBU, has been growing in recent years mainly because of &#39;raw food products,&#39; has been only 3.6% since the beginning of the year," expert explained. In August-September, experts expect a further rise in the price of buckwheat at a rate faster than inflation, a moderate increase in prices of other cereals and a significant decrease in prices of millet, Doroshenko said. As UNIAN reported earlier, inflation in Ukraine in July 2019 in annual terms – compared to July 2018 – was 9.1%, accelerating from 9% (year-over-year) a month earlier. Consumer prices in July fell by 0.6% compared to June after decreasing by 0.5% in June compared to May. Since the beginning of the year, consumer prices have grown by 3%.

Price of cereals basket grows by 12% in H1

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