Russian butter prices soar, rise in supermarket dairy thefts reported
Two men were recently arrested in Moscow after allegedly trying to steal 25 packets of butter.
Two men were recently arrested in Moscow after allegedly trying to steal 25 packets of butter.
After several large-scale Russian attacks on Ukrainian energy infrastructure in the spring and summer, the rise in electricity prices in June fueled both consumer and industrial price inflation in Ukraine.
The annual inflation rate for June was 8.59%, up from 8.30% the previous month. The figure is significantly higher than that of the U.S., which is expected to be around 3.1% for the month of June.
Prices of basic goods like groceries may increase by up to 15% due to frequent blackouts causing an increase in the costs faced by food producers, Forbes Ukraine reported on June 20.
Consumer prices in Ukraine fell to 7.1% by the end of September, down from 8.6% by the end of August, as inflation cools in the country.
Ukrainian consumers felt the impact of high inflation in 2021 as prices on basic goods and utilities kept growing. The annual inflation rate last year grew to 10% for the first time since 2018. The growth of consumer prices also accelerated – from 5% in 2020 to 10% in 2021, according