Will the price increase continue?

In July 2024, consumer prices increased by an average of 4.1% compared to the same period of the previous year. In terms of the annual price increase, granulated sugar leads the list with a 57.5% increase in price, followed by a 33.7% increase in the price of UHT milk and a 27.6% increase in chicken breast fillet. In addition, the pork leg, the line mark and the women’s sweater also show a significant price increase of over 20%.

Although the prices of some products have decreased compared to the previous year, for example red onions have become 27.4% cheaper, the prices of most basic food items continue to show an upward trend.

The price increase experienced from June to July was also significant, since in a single month the price of flour rose by 46.6%, the price of UHT milk by 24.8%, and the price of granulated sugar by 18.1%. Other foods on the price increase list, such as carrots, chicken breast fillets and sunflower cooking oil, also showed a price increase of more than 10% in one month. Accommodation prices also increased, apartments went up by 8.3% on average, and 4-star hotels by 6.2%.

On the other hand, the prices of some seasonal products fell: green peppers became cheaper by 26.5%, early potatoes and watermelons by more than 20%. The price of tomatoes decreased by 16.6%, and cucumbers, onions, pears and butter also became cheaper by more than 5% on average.