Spring price hikes: Experts name foodstuffs to be affected

Experts say Ukrainians this spring may face another increase in prices of foodstuffs, namely flour, bread, sunflower oil, and the borsch set, which includes onions, beets, cabbage, carrots, tomatoes, and potatoes.

Member of the Economic Discussion Club, Oleh Pendzin, believes that eggs will also continue to rise in price, especially on the eve of Easter, the online newspaper Segodnya wrote on March 8.

"Taking into account the logistics and trade margin, an egg can no longer cost below UAH 3.5 [US$0.13]. The spring price hikes for vegetables and fruit are also starting. They will cost less than a year ago, but more than in January," he said.

Read alsoNBU updates inflation forecastHead of the National Council for Economic Development Oleksiy Doroshenko added that prices of flour, pasta, bakery products, cereals, sugar, and sunflower oil would rise significantly this spring.

Moreover, the third wave of the coronavirus pandemic and crop quality are expected to trigger price hikes, the publication said.

Background

Prices of pork in Ukraine in February 2021 rose by over 20% from January 2021.