Ukrainians are being strangled by another rise in food prices
The growth of Ukrainian wages and pensions lags behind inflation, which in 2021 will be 15-20% for food products.
Honored Economist of Ukraine Alexey Plotnikov stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“We now have a minimum pension of 1769, a minimum salary of 6 thousand, it has been increased slightly. Naturally, rising prices eat up all these increases. If the pension increases by 80 hryvnia, then the increase in food prices and tariffs will significantly cover all this increase. The consumer basket will naturally shrink.
It is not clear what to do with utility bills. We already have a crisis of non-payments. There are a lot of strange legislative norms, including a norm that equates non-payers for utilities with malicious alimony payers, and monopolistic suppliers with children abandoned by a non-paying father. We need to see whether the Verkhovna Rada will come to the adoption of this legislation.
This year we have planned inflation of up to 10%. I think for products it will be higher, 15-20 percent. There will be no growth in luxury goods or diamonds, and this adds up to the planned 10% inflation.
Therefore, we can talk about 15-20 percent growth. Individual products may grow faster or slower,” says Plotnikov.
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