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MINSK, September 7 (Itar-Tass) —— The Belarusian Economic Ministry has declared the growth of bread and dairy products by five percent starting from Thursday, September 8.
Under the ministry’s resolution, “factory gate prices on bread, heat-treated cow milk and a number of dairy products have been raised by five percent.”
“The growth of prices is caused by the hike in the cost of the agricultural products,” the ministry’s official explained.
In addition, the ministry decided to establish maximum sale prices for semi-processed meat products (split carcasses) at 19,600 roubles per kilogram (about 3.8 U.S. dollars).
“The retail prices are setting up proceeding from the maximum sale prices, a maximum price differential and a quality coefficient,” the ministry’s official said, pointing to the free pricing of meat products at markets and fairs.
As of September 1, prices of a large number of food products increased Belarus. In the near future, Belarus’ officials plan to raise tariffs for the housing and utilities services, costs of public transport’s tickets, as well as charges for natural gas and heating supplies, alcohol and cigarettes.
In January-August, Belarus’ inflation skyrocketed to 48.5 percent.
The Belarusian financial experts projected the minimum level of the country’s inflation at 65 percent and the maximum indicator at 100 percent or higher.