Beef prices in Ukraine continue to rise, according to the data of the State Statistics Service. According to data for March 2024, the average consumer price for this type of meat increased by 1.5%, to 263.97 hryvnias per kilogram, compared to February, when the price was 260.15 hryvnias per kilogram.

Comparing the numbers with last year reveals an even more dramatic increase. In March 2023, beef prices were 27.9% lower than this year, amounting to UAH 206.36 per kilogram.

The State Statistics Service notes that the given data do not include prices for temporarily occupied territories and conflict zones where combat activities are or have been conducted. This may affect the general dynamics of prices, but even without these territories, the trend of increasing meat prices remains noticeable.

The increase in beef prices in Ukraine can be caused by various factors. These may include internal factors such as rising production costs, animal feed costs, as well as external factors that include global trends in meat markets and currency fluctuations.

Achieving food security and providing the population with affordable products are important tasks for any country, including Ukraine. However, rising prices can be a challenge for some sections of the population, especially for those who are economically vulnerable.

The government and relevant authorities are trying to find ways to curb this price increase and ensure stability in the meat market to protect the interests of consumers and support the country's economic stability.

The coming months may determine whether beef prices continue to rise, or whether prices may stabilize or even decline as a result of government action and economic trends.