The cost of products and price increases... We decided to start controlling the cost of products
Photo is illustrative in nature. From open sources.
The issue of the cost of food is relevant for many people, including residents of Belarus. In the face of economic changes and inflation, food prices can fluctuate and affect the family budget. Let's see what factors can influence the change in food prices over a month in Belarus.
One of the main factors influencing food prices is inflation. Inflation can cause food prices to rise by increasing the general price level in the economy. This may be due to various reasons, such as increased production costs, increased demand for certain products, or changes in exchange rates.
Another factor influencing food prices is seasonality. Some products may be subject to seasonal price fluctuations due to changes in supply and demand. For example, prices for fruits and vegetables may vary depending on the time of year and crop yields.
Also, product prices may be increased due to increased transportation costs or changes in customs duties. Economic and political factors can also influence food prices.
To keep track of monthly grocery price changes, it's helpful to keep track of your expenses and compare prices at different stores. You can also refer to food price statistics published by relevant authorities.
It is important to remember that the economic situation is constantly changing and food prices may fluctuate. Therefore, it is important to be informed and plan your budget taking into account possible changes.
From May 1, 2024, we are launching a project to control changes in food prices in the Republic of Belarus; we take one of the most budget supermarkets as a base and begin to controlcost of products.
Our StartUp_Dosrekob - Analyst