August will become more favorable for consumers, as food prices are expected to come down, with the exception of milk - its average price will grow by 3-5%.
Since the beginning of the year, meat prices have risen steadily and the highest prices were observed on the pork market. In August, it is expected for price stabilization, as the pork market has started to show price decline since the second half of July. The possible price decrease will fluctuate within the range of 2 to 5%, because the high level of pork price has stimulated the growth of prices on related markets and led to the intensification of imports.
As predicted before, in July the prices of vegetables and fruits fell within the range of 5 to 22% depending on the product. In August, the prices of vegetables and apples will continue to fall and the decline will amount to 15-20% due to the increase in supply on the market.
The cost of groceries hasn’t undergone any significant changes, except for buckwheat whose price has fallen by 5%.
“August will be most favorable for consumers, as prices for most products of consumer basket will decrease. Even meat, whose price has grown since the beginning of the year and was very high for consumers, is stabilizing in price and in the end of August will start to decrease gradually”, commented Evheniy Dvornik, Analyst of Agricultural Markets of the Association “Ukrainian Agribusiness Club”.