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Sharply increasing prices in areas like transportation and food had the most influence on the current index. The increase in gasoline costs was the most important of them; if the price of fuel was steady, inflation in the country would have been 5.1 percent.
Diesel fuel prices have grown by more than 45 percent and gasoline prices - by about 27 percent since the beginning of this year alone compared to May 2021.
Since the country was afflicted by a severe drought in February 2016, the price of food has increased at the highest rate. Between April and May, the cost of food and non-alcoholic beverages increased by 2.1 percent, with the cost of oils and fats saw the largest increase (10.1 percent) since 1997. Particularly, the cost of sunflower oil increased by 16.1%. Prices for bread and cereal increased by 3.4 percent over the same time period and by 8.4 percent year to date. In turn, the cost of meat grew by 9.4% from the end of the previous year.
source: reuters.com
Diesel fuel prices have grown by more than 45 percent and gasoline prices - by about 27 percent since the beginning of this year alone compared to May 2021.
Since the country was afflicted by a severe drought in February 2016, the price of food has increased at the highest rate. Between April and May, the cost of food and non-alcoholic beverages increased by 2.1 percent, with the cost of oils and fats saw the largest increase (10.1 percent) since 1997. Particularly, the cost of sunflower oil increased by 16.1%. Prices for bread and cereal increased by 3.4 percent over the same time period and by 8.4 percent year to date. In turn, the cost of meat grew by 9.4% from the end of the previous year.
source: reuters.com
