The National Bank predicted a rise in prices for food and fuel

12 February 2018, 19:43 | The Company
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Previously, experts of the NBU warned about the forecasted growth in prices taking into account the inflation rate at the level of 10 percent. However, as of mid-January, raw material prices increased significantly, which also led to an increase in the inflation rate to 15 percent. In addition, the rise in prices will also be explained by the increase in the level of minimum wages in the country, the increase in consumer ability and the weakening of the hryvnia at the end of 2017.



For example, the increase in prices for clothing and footwear is explained by fluctuations in the hryvnia exchange rate, and most of the borscht vegetable vegetables began to be worth more due to changes in price tags for vegetables that are imported from abroad.

Forecasted were prices for fuel, which is typical not only for Ukraine. The rise in prices on world markets led to a domino effect, resulting in prices rising by 22 percent.

As reported in "Ura-Inform", from January 1, 2018 a pack of tobacco products will rise in price by an average of 7 hryvnias.




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