Oil, milk and vegetables: the products with the highest price increase.

Image of oil, milk and vegetables with high prices
Image of oil, milk and vegetables with high prices

In December 2024, consumer prices in Ukraine rose by 1.4% compared to the previous month. The total inflation for the entire year was 12%. The core inflation in December was 1.3%, while for the year it was 10.7%.

Food products and non-alcoholic beverages saw the largest price increase in December - by 1.8%.

Prices for butter, sunflower oil, milk and dairy products, vegetables, cereal products, bread, beef, fish, pasta, and pork increased from 1.0% to 5.2%. At the same Time, egg prices fell by 1.5%.

Alcoholic beverages and tobacco products also became more expensive - by 2.0%. Tobacco products increased by 2.7%, while alcoholic beverages rose by 1.2%.

Clothing and footwear became cheaper by 3.9%. Footwear prices dropped by 4.0%, while clothing prices decreased by 3.9%. In the healthcare sector, prices rose by 1.6% due to the increase in pharmaceutical product prices (by 1.8%) and outpatient services (by 1.6%). In the transportation sector, prices increased by 0.5% due to the rise in road passenger transportation costs (by 2.1%).

Prices continue to rise faster than predicted by the National Bank of Ukraine, indicating that inflation is getting out of control.


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