Oil, eggs and vegetables: why Ukrainians pay 20% more for the same set of products.

Prices for products have increased by 10.9% compared to last year, but the basic food basket has become more expensive. The Ministry of Finance has reported that Ukrainians have to pay 15-20% more for the same set of products than a year ago.

Why prices are rising

According to State Statistics, consumer inflation in October increased by 9.7% compared to 7.5% in September. The cost of the basic food basket has increased the most.

According to the monitoring of prices conducted by the Ministry of Finance, in October the basic set of products cost about 760 hryvnias, while in September it was 740 hryvnias. Prices have risen by 20 hryvnias, which represents 2.7% inflation.

Products that have increased the most in price

In October, prices for:

• Vegetables - by 18.2%
• Eggs - by 18.1%
• Butter - by 6.9%
• Fruits - by 4%
• Sunflower oil - by 3.3%
• Cheese and cottage cheese - by 2.9%
• Bread - by 1.6%

Reason for Ukrainians feeling high inflation

'Such an effect in inflationary processes occurs when so-called 'sensitive' goods in the consumer basket increase in price faster than others. At the same Time, people cannot refuse such products. In Ukraine, 'sensitive' products include potatoes, onions, lard. And all of them are now more expensive,' explains economist Oleksiy Kush.

Difference between actual prices and official statistics

A comparison of prices over the year shows a large difference between official statistics and actual prices. For example, butter has gone up from 68.94 hryvnias in October 2023 to 93.49 hryvnias in October 2024, which is 35.6%. At the same time, State Statistics reports a 27.3% increase in price for this product over the year.

Forecasts for future prices

Experts predict further price increases in Ukraine. In November, inflation indicators may worsen.

According to the Ministry of Finance, in 11 days of November, the cost of the minimum food basket rose to 801.28 hryvnias, compared to 760 hryvnias in October and 740 hryvnias in September. That is, prices increased by 20 hryvnias for October, and by more than 40 hryvnias in 11 days of November.