According to forecasts, food prices will rise by an average of 20 percent. This view was expressed in a conversation with Radio Liberty by energy sector specialist Yuri Korolchuk.
The expert believes that due to the current exchange rate and the fall in the value of the hryvnia, residents of the country should prepare for higher fuel prices.
“Let us recall last year, when the hryvnia exchange rate against the dollar and euro jumped to almost 30 hryvnias. It was clearly visible then that buyers practically stopped their activity. In the future, it is expected that people will begin to reduce production, cut back on their demands, and simply use cars less often,” Korolchuk noted.
According to him, the rise in fuel prices will primarily hit enterprises and sectors where petroleum products serve as the main resource for operation. Korolchuk also emphasized that in the current economic situation, unfortunately, it is not possible to resolve the issue of fuel costs.
“We are still reaping the fruits of dependence on imports, the fall of the currency, and the fact that there is real monopolization in the market. In other words, it is monopolism in which participants agree among themselves and do not want to give up their positions,” he summarized.
