Generally, during 2024, dynamic prices are acceptable, and accelerating inflation at 12% each year at the end of the year is just an hour.
The main reason for accelerating prices in Ukraine is to increase electricity tariffs after Russian attacks. An additional factor was a bad harvest in 2024. These are the monitoring data of major economic events of the Ukrainian (December 2024), reports the Ministry of Economy.
It is noted that in general, during 2024, dynamic prices were acceptable, and “accelerating inflation at 12% per year in the economy.”
As the Ministry of Economy explains, after the next attack and destruction of domestic energy, the military nature of inflation began not only to dominate the market, but also to stimulate prices. As a result, dynamic inflation exceeds the target of the National Bank (5%), precisely due to the previous electricity increase (cost growth).
In addition, prices of some products have crushed prices due to the influence of adverse weather conditions on agricultural crops.
According to preliminary estimates by the Ministry of Economics, in 2024 of Ukraine’s GDP, it grew by 3.6% (± 0.5%) compared to 5.5% increase in 2023.
Remember, according to the National Bank, accelerating inflation in Ukraine from January to 12.9% in the annual calculus caused an increase in administrative prices and increased costs, including energy and salary supply.
As reported, according to the results of 2024, the rate of inflation in Ukraine costs 12%. In the December consumer market, food prices and soft drinks increased by 1.8%.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.