Bread prices have risen by 20%: what will be the price forecast until the end of 2025.
Rising bread prices in Ukraine
According to inkorr.com: Svitlana Cheremysina, the leading researcher at the Institute of Agricultural Economics, explained the reasons for the constant increase in bread prices in Ukraine and shared forecasts regarding price dynamics until the end of 2025, as reported by 'Khylya'.
This year, bread prices have significantly increased: premium white bread has gone up by 13%, first-grade bread by 9%, and black bread by 6.4%. Overall, prices have risen by 20-23% over the year.
Reasons for price increases
- Costs for energy and heating of production premises
- Transportation and maintenance of equipment
- Fluctuations in the exchange rate and overall increase in food prices
- Growth in the wages of workers in production
Denys Marchuk from the All-Ukrainian Agricultural Council notes: 'The increase in bread prices does not occur due to the quality of the harvest but due to other factors, such as energy resources, transportation costs, wages, and inflationary processes.'
Raw material situation
Experts in Ukraine have a positive forecast regarding the wheat harvest, which should meet the country's needs. However, the situation with rye is more complicated, notes the Institute of Agricultural Economics. If there is a shortage of rye, it will have to be imported, which will lead to an increase in product prices.
Price forecast
- Premium white bread will increase by 8.5%
- First-grade wheat bread will rise by 7%
- Rye bread will increase by 5.5%
- The price of a loaf will increase by 5%
Conclusion
Although bread prices are rising, experts believe that 'the increase is necessary, but there will be no catastrophe. The actual price increase until the end of 2025 will not exceed 15%.'
Thus, Ukrainian consumers are facing a constant increase in bread prices due to various factors, but according to specialists' forecasts, the cost of food products will not rise more than 15% by 2025. This means that in the face of economic challenges, the country is striving to ensure stability in the food market to protect consumers from sharp price increases.
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