In 2023, inflation in Ukraine could reach 28%. This is indicated in the estimate of the country’s Ministry of Economy.
It is noted that inflation will increase by 1-2 percent due to the cuts. It is reported that businesses have switched to generators due to constant power outages, which significantly increases the cost of production.
Oleg Pendzin, head of the economic discussion club, states that the price tags of many goods will rise again next year, precisely for this reason. At the same time, Pendzin stressed that the prices of basic goods, especially food products, are likely to rise more than others. The price of clothes offered at good discounts will practically not increase.
Also, gasoline and diesel prices are expected to rise in Ukraine, which may affect logistics and refueling generators.
At the same time, the forecast points out that real estate prices could fall in 2023.
Citing economists earlier, the Financial Times stated that the eurozone economy’s will face It will decline further in 2023 due to the energy crisis.