Sun. May 26th, 2024

How expensive the Easter basket has become since 2016: the numbers are frankly amazing

Natasha Kumar By Natasha Kumar Apr21,2024

>> the price of the basket increased again in 2024/Dmytro Potapchuk

According to the data of the National Research Center “Institute of Agrarian Economy”, this year the cost of the Easter basket has increased significantly compared to last year.

For according to experts, a basket of products for the holiday table for a family of four in 2024 will cost an average of 1,652.05 hryvnias. This is 12.9% more than in 2023, writes The Page.

The price difference between the extended and basic Easter basket

It is worth noting that the difference in cost between the extended and basic Easter basket is also significant. Thus, according to the Institute, a basic Easter basket without alcohol, except for vegetables and apples, in 2024 will cost 1,422.05 hryvnias. This is 17.6% more expensive than in 2023.

How much more expensive Easter basket since 2016: the numbers are frankly impressive

Dynamics of Easter basket price growth in recent years

The conducted research showed that the cost of Easter basket increased 3.3 times from 2016 to 2024. Compared to 2020, prices have doubled. Obviously, this significant increase in the cost of the festive table affects the budget of families during the holiday season.

How expensive the Easter basket has become since 2016: the numbers are frankly amazing

Forecasts and explanations of experts

According to the conclusions of Yuriy Lupenko, director of the National Research Center “Institute of Agrarian Economy”, the increase in prices for the products of the traditional Easter basket is the result of military actions that led to significant economic losses. He also pointed to lower prices for some basket components such as eggs, sugar and flour, but highlighted price increases for other products, including butter, milk, yeast and raisins.

How expensive the Easter basket has become since 2016: the numbers are frankly amazing

So, the cost of an Easter basket in 2024 year has significantly increased compared to previous years, which indicates the difficulties faced by Ukrainian families in connection with economic difficulties and military actions. So, keeping an eye on food prices and taking into account projected inflation, it's important to plan your spending and budget for the holiday season.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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