BRDO: we have the lowest in Europe prices of products required to make dumplings

21-03-2018

The BRDO has developed a novelty product in the dumplings index! From now on, this online service allows users to compare the dumplings index in Ukraine and other European countries. It turned out that our country had the lowest price of products required to make dumplings.

 “In Ukraine, the dumplings are the least expensive. However, we can afford to buy the smallest number of dumplings plates. In Finland, for example, people can buy 1,482 dumplings plates with their salary, in Germany – 1,409 and in Poland – 836. With our average salary, according to the State Statistics Service (Derzhstat) and retail store chains, people can buy only 271 and 212 dumplings plates respectively,” the BRDO Head Oleksiy Honcharuk said.

In addition, we compared relevant figures for Ukrainian regions. Kyiv has the highest level of purchasing power, while the Chernihiv region is behind other regions. In the regions of western Ukraine, the dumplings ingredients are the least expensive, especially, in the Ternopil region, but this fact is compensated by low salaries. There is the worst situation in the regions near the capital region. The close proximity to Kyiv “encourages” a faster outflow of more skilled personnel and hampers a wage growth at the local level, while prices, in turn, are much higher than in the Western Ukrainian cities.

The Dumpling’s Index: Ukraine and Europe

  • Finland 1,482 plates
  • Germany 1,409 plates
  • Italy 1,166 plates
  • Romania 359 plates
  • Bulgaria 304 plates
  • Ukraine 271 plates
  • Derzhstat’s data as of 12/2017

212 plates data of retail store chains as of March 20, 2018 

*calculations are based on a ratio of the average wage to the cost of a plate of dumplings with potatoes for 4 persons (according to the classic recipe) based on data from the Derzhstat and retail store chains

The online service also provides an inflation calculator that allows to evaluate how the prices have changed in the country over time.

How does it work? The online service automatically collects data from open sources (Derzhstat, the NBU, World Bank, Eurostat) and presents them in a convenient way:

  • The dynamics of prices in the consumer market in regions is updated every two weeks.
  • The dynamics of prices in online stores is updated daily.
  • Consumer price indices are updated every week.

The Dumpling’s Index: regions as of 28/12/2017

  • Zhytomyr region 229
  • Kyiv 354
  • Chernihiv region 212
  • Lviv region 275
  • Cherkasy region 226
  • Donetsk region 274
  • Zaporizhzhya region 289

Ukraine 271 plates

 

*calculations are based on a ratio of the average wage to the cost of a plate of dumplings with potatoes for 4 persons (according to the classic recipe) based on data from the Derzhstat and retail store chains

**data for the period 11/12/2017 are used

The BRDO is planning to continue introducing new tools that will help analyze the correlation of inflation and other indicators. Soon we will launch a Housing Affordability Index. Details at https://regulation.gov.ua/inflation

The Dumpling’s Index

  • (01/11/2017 – 20/03/2018, data of retail store chains)
  • Potatoes +43.55% 9.13 UAH/kg
  • Eggs +2.73% 34.30 UAH/dozen
  • Flour +8.89% % 11.87 UAH/kg
  • Sour cream +10.53% 58.05 UAH/kg
  • Butter +4.26% 185.39 UAH/kg
  • Onion +7.14% 4.95 UAH/kg
  • Pork fat -1.45% 119.65 UAH/kg
  • Salt -21.43% 3.74 UAH/kg 

*Calculations are based on a classic recipe of dumplings with potatoes. For 4 persons

**Source: Online prices of Fozzy, Novus, Metro and Auchan

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