Prices for products are rising in Ukraine

In recent months, Ukrainians have noticed a rise in food prices. Indeed, according to the State Statistics Service, inflation accelerated in October, and food prices rose even more than the overall consumer basket. Only in October, consumer prices in Ukraine increased by 1.8% compared to the previous month, and food prices by as much as 3.3%. This situation indicates that food products are becoming less and less available for Ukrainian families.

According to available information, the prices of eggs (by 18.1%) and vegetables (by 18.2%) increased the most over the last month. The prices of sunflower oil, bread, pasta, meat, dairy products and cheeses also increased significantly. In fact, according to the results of ten months of the current year, consumer prices in Ukraine increased by 8.4%, and food prices - by 7.8%. This means that during this period the cost of food products increased by almost 8% on average.

There are several reasons for this situation. First, world prices for grain, oil and other agricultural products continue to rise, which affects the cost of food production in Ukraine. The increase in fuel costs and the complexity of logistics chains also contribute to the increase in prices. At the same time, unfavorable weather conditions lead to a decrease in yield and, as a result, to an increase in food prices. In addition, Ukraine faces a shortage of milk and meat. And this negatively affects both consumers and the country's export potential.

However, the Government sees a way out of this situation and offers a number of measures to support farmers and develop livestock. In particular, as Minister of Agrarian Policy and Food Vitaly Koval once again emphasized, Ukraine has every opportunity to become a leader in milk and meat production. Therefore, in order to stimulate the development of animal husbandry, the Government proposes to increase subsidies for farmers. In particular, it is planned to allocate 7 thousand hryvnias for each cow, as well as 2 thousand hryvnias for each sheep. Such support should help farmers to increase livestock numbers and increase productivity. In addition, the Ministry of Agrarian Policy plans to support the purchase of quality breeding material by farmers, which will improve the genetic characteristics of animals and, as a result, increase the production of milk and meat.

However, it should be noted that the implementation of these plans requires significant financial resources. Therefore, the Government's decision to include relevant expenses in the state budget will be of decisive importance.