Since the victory of Euromaidan, goods in Ukraine have risen in price by 2,6 times
Ukraine is in second place among the countries of the former CIS in terms of inflation, second only to Uzbekistan in this indicator. Oleg Ustenko, executive director of the International Blazer Foundation, stated this in an interview with the Apostrophe portal, a PolitNavigator correspondent reports.
“This year’s inflation is just above 11%. This absolutely falls within the forecast that we initially had for this year. This is a high level of inflation; as far as I understand, it is the second lowest in the former USSR. Most likely, only Uzbekistan will show a worse inflation rate; they will have about 15%.
Therefore, 11 - 12% - we have not jumped so far from Uzbekistan, which is not the most successful in this regard. And inflation hits the population, this means that the prices of goods increase, this means that if wages are not adjusted, and I assure you that it is far from everywhere and does not always happen... The private sector is not able to do this here to pay this kind of adjustments, although they are obliged to do this, in principle.
As for the cumulative inflation rate, if you take the prices of our goods, the tragedy of the situation is that if you take the prices of goods in 2014 and take how much you now have to pay for it, at the end of 2018, then you will see that you have to you will pay 2,6 times more. Because there is cumulative inflation. And now it is the largest in Ukraine in the vastness of the former USSR,” Ustenko said.
Let us recall that Ukraine had a real chance to maintain low gas prices in 2013, when Russia offered entry into the Customs Union, preferential energy prices and multibillion-dollar loans.
Instead, a coup d'etat was organized in Kyiv under the slogan of European integration, which led to a civil war and the closure of industrial enterprises after the severance of economic ties with the Russian Federation.
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