The cost of baking the Easter cake in 2016 has increased by 34% to RS 22

The cost of baking the Easter cake in 2016 increased by 34% compared to last year, reported the Ministry of economic development and trade of Ukraine (MEDT) on his official page in Facebook.

«On the eve of the Easter holidays our team of analysts decided to explore the dynamics of the cost of baking a celebratory cake in 2016 in comparison with 2015. In the study, analysts found that baking the cake at home will cost 22,04 USD, which is 33.9% more expensive than in 2015″, — stated in the message.

More than the growth of final cost of the cake home was affected by the increase in the price of raisins by 42% — from UAH 63,5 kg, up to 90 USD per kg. Its share is more than 30% of the cost of the cake. Most of ingredients of the cake has risen yeast. Package weighing 11 g in 2016 is 4,90 USD 181,6% more expensive than last year.

At the same time, the Ministry noted that some of the components of an Easter cake fell. In particular, flour (-22,4%) and eggs (-19,8%).

The report States that the consensus-economic development forecast for 2016 suggests the consumer at the level of 113.5% (December 2016 to December 2015).

«Please note that the «Index of cake» is not an official macroeconomic indicator does not reflect inflation or the consumer price index. All calculations are approximate, taken on the basis of monitoring of the State statistics service prices for socially important goods and expert assessment, Ministry of economic development», — explained in the message.

As reported, the Cabinet of Ministers of Ukraine and the national Bank predicts inflation at the end of 2016 at the level of 12%. At the same time, in the consensus forecast generated by the results of a survey of experts from the Ministry, noted that inflation following the results of current year can exceed 15%.

The cost of baking the Easter cake in 2016 has increased by 34% to RS 22 01.05.2016

Май 1st, 2016 by
36 queries