Beef, pork and chicken prices decreased by 0.3-3% in June compared to May. However, experts predict an increase in meat prices. The same goes for eggs: the traditional season when prices drop for them will end faster and prices will rise soon.
Meat prices stabilized in the first month of summer. Retail prices for the main species – beef, pork, poultry – fell in the trade network Open 0.3-3% compared to May. writes about it Focus in a new article “Expensive light, expensive gasoline. What’s driving prices up in July”.
Egg prices also fell a little in June. According to the State Statistics Service, the price of products fell by 16% compared to June last year and by 4% compared to May 2023. The reason is simple – traditionally, the supply of the population in their households increases in the summer.
But experts say the price situation will soon change.
“Due to the increase in electricity tariffs and the refund of fuel tax, [цен на мясо] 5% by the end of summer— Maxim Gopka, an analyst at the Ukrainian Agribusiness Club, is convinced.
The Institute of Agricultural Economics states, “There may be a slight 1.5-3% increase in the prices of beef, pork and poultry in July-August.”
At the same time, it is not worth waiting for further declines in egg prices, as is customary in the summer.
Experts say prices for all product types will rise by 5-15% as we approach autumn
“This year there is a reduction in prices and the goods stabilized a little earlier,” says Pavlo Koval, general director of the Ukrainian Confederation of Agriculture. There will be as much stability and growth as there will be.”
In August, inflation could rise to around 15% from the current 12.8% year-on-year, say at investment firm Eavex Capital. From the end of summer, there may be a noticeable increase in prices in almost all categories of consumer goods.
“Depending on the type of product, prices will increase between 5% and 15% on average. closer to autumn. The cost price will rise due to the tariff increase for electricity, water, fuel and mineral oils to be included in the production cost. “There will be less supply in the market,” said Denys Marchuk, Vice-President of the All-Ukraine Agricultural Council.
Recall that in the fall of 2022 egg prices rose to a record high. Then the cost of a dozen fluctuated about 80 hryvnia. Now the cost of this product has dropped, and according to experts, the trend will continue until mid-summer.
In addition, the NBU and experts predict a slowdown in inflation by the end of the year. According to Vitaliy Vavryshchuk, head of the macroeconomic research department of the ICU group, unexpected price increases are unlikely to occur until the end of 2023 for individual products, as well as for buckwheat, chicken eggs and onions.
Focus he also wrote that the State Inspection Service confirmed that the Ministry of Defense of Ukraine actually bought eggs for Ukrainian defenders for 17 hryvnias each. According to the head of the department, Alla Basalaeva, the creation of orders according to the catalog makes it possible to manipulate prices.
Source: Focus
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