Expert: in 2021 Ukraine should expect real inflation of at least 20%

Популярне

Quarantine to extended until mid-May in Ukraine, libraries and museums will open

On Tuesday, April 21, the Cabinet of Ministers of Ukraine held a regular briefing on the situation with counteracting...

Kyiv City Council is promptly considering a comprehensive plan for construction on the lake

A new comprehensive territory plan of Bilychi micro-district was introduced in the Department of urban planning and architecture of...

New Ukraine’s government clarifications: in elevator -with mask, fine up to 34K hryvna without mask

The Cabinet of Ministers of Ukraine has provided clarifications to carry ID cards, where is it necessary to wear...

Next week, the National Bank of Ukraine will present the conclusions of its experts on the inflation forecast for 2021-2023. Candidate of Economic Sciences, independent expert Oleksandr Khmelevskyi provided the UA-Times with his forecast. 

“According to the Government and the National Bank, inflation in 2020 was 5%. However, these data are questionable”, – said Oleksandr Khmelevsky.

It will be recalled that according to the official indicators of the State Statistics Service, in December 2020 consumer inflation accelerated to 5% on an annualized basis, and on a monthly basis prices increased by 0.9%. “During the year, inflation was mostly below this range of 5% – it was restrained by the effects of the coronavirus pandemic and quarantine restrictions. Falling world energy prices, as well as declining demand for non-priority goods and services, have kept inflation low. The weakening of the hryvnia affected consumer prices with a certain time lag, ”the National Bank commented on the State Statistics Service.

Khmelevsky emphasizes that last year the hryvnia depreciated against the dollar by 19.4%, which led to higher prices for all imported goods. On average, utilities have risen by at least 15%. Food prices have risen significantly: vegetables have risen in price by 30-70%, dairy products by 30%. Therefore, it is possible to say that real inflation in Ukraine is higher than indicated by official bodies.

“Real inflation in Ukraine in 2020 was about 15%. Unfortunately, in Ukraine, the government, as in many other countries, underestimates inflation,” – Khmelevsky sums up.

“For 2021, the government forecasts inflation at 7.3%, and the National Bank – 6.5% – continues the candidate of economic sciences. – Maybe in a year we will be informed that these indicators have been met. But actual inflation will be much higher. An increase in utility tariffs has already been announced. The devaluation of the hryvnia will accelerate. The pandemic and economic crisis will continue. The government does not collect the revenues planned in the State Budget and will be forced to resort to much larger than planned borrowings. At the same time, the National Bank will increase the money supply. So real inflation in 2021 will be at least 20%.

Translation: Ann Loboda


загрузка...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Український бренд одягу

- Advertisement -

Обмен Валют

Найновіше

Two NAU dormitories were transferred to private individuals using forged documents

The press service of the prosecutor's Office of the Kyiv city reported that law enforcement agencies are trying to...

- Advertisement -

Слідуйте за успіхом разом із нами! Кваліфіковані юридичні послуги

Embezzlement of $13 million was revealed during the construction of the Velyka Okruzhna road

The press service of the prosecutor's office of the city of Kyiv reported on the establishment of the fact of violation of state interests...

By forged documents, the entrepreneur took possession of two premises on Hrushevskoho Street​

The press service of the Kyiv Prosecutor's office informs about sending to the court an indictment on the fact of fraudulent seizure of two...

The bank provided a credit for UAH 11 million for a non-existent property

The Prosecutor's Office of Kyiv city sent to the court an indictment against the head of a private enterprise, who is suspected of seizing...

Experts comment on the government’s restriction of support of the Export Credit Agency project

On the 3rd of February in the first reading Verkhovna Rada of Ukraine passed the bill №3793 “On making amends to the Law of...

Думай

Experts comment on the government’s restriction of support of the Export Credit Agency project

On the 3rd of February in the first reading Verkhovna Rada of Ukraine passed the bill №3793 “On making...

Читай

Embezzlement of $13 million was revealed during the construction of the Velyka Okruzhna road

The press service of the prosecutor's office of the city of Kyiv reported on the establishment of the fact...

Теж цікаво

Блоги

Alina DEMCHYK | Protecting the rights of victims of domestic violence

Domestic violence is one of the most urgent social problems affecting Ukrainian society. Statistics show that about 1.8 million Ukrainian women experience domestic violence...

Andriy ZABLOVSKY | Big Data market in Ukraine or how not to miss your chance?

According to IBM Research, 90% of all human data has only appeared in the last 10 years. At this rate of data generation, in...

Andriy HREBONKIN | National Economic Strategy 2030: Future changes coming to the construction sector

At the end of 2020, the Cabinet of Ministers of Ukraine published the National Economic Strategy 2030, which is considered a fundamental roadmap for...

Andrii ZABLOVSKYI | Artificial intelligence technologies serving for “smart cities”: Ukraine and the world

Technologies developed on the basis of artificial intelligence are widely used for the needs of “smart cities”: starting with traffic handling (such as in...

Andrii ZABLOVSKYI | How the Law №466-IX should not be “improved” or why attempts at its “cosmetic” revision do not help

Despite numerous appeals from business and the expert community, the scandalous tax draft №1210, which entrepreneurs called "tax terror", became Law №466-IX and came...
- -