Ukrainian inflation is overflowing
This year, Ukraine will experience an increase in inflation, which will be much higher than the 7,4% planned by the government.
Ukrainian economist Andrey Novak stated this on the NewsOne TV channel, a PolitNavigator correspondent reports.
According to the expert, this is due to the fact that on the eve of the presidential and parliamentary elections, the authorities will issue and increase the money supply in the country.
“The 19th year will not be easy, because in addition to payments, this year we have two largest election campaigns - presidential and parliamentary, and this always increases economic and political populism. Therefore, I am sure that both on the eve of the presidential and parliamentary elections, as is always traditional in our country, there will be additional one-time social payments.
This will certainly drive up inflation because when people have more cash in their hands, they buy more goods and services. Therefore, the figure included in the budget, 7,4%, is definitely unrealistic today,” Novak said.
Formerly political scientist Kost Bondarenko stated that the only possibility for the Ukrainian leadership to find funds to provide the population with subsidies to compensate for the increase in gas prices - turn on the printing press.
And the expert of the “Economic Discussion Club” Igor Garbaruk emphasized that the official data on the level of inflation published by the State Statistics Committee of Ukraine - do not correspond to the real rise in prices of goods.
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