In Ukraine, products will become even more expensive: reasons

The need for businesses to actively use generators during power outages in November should not significantly affect the cost of products in Ukraine, but food prices will start to rise more noticeably in December ahead of the Christmas holidays. This was reported by Economic Discussion Club member Oleg Pendzin, as reported by UNIAN. "December is the period when Ukrainians traditionally prepare for Christmas. We have traditionally seen prices rise before the holidays. The main reason for the price increase in December will not be so much the cost of storage, but the increase in demand for food baskets before the holidays," the economist noted. He added that the use of generators for storing products will give an additional increase in the cost of food products in November within 1.5%. "Prices will rise due to increased storage costs. There will be blackouts, and there will be a switch to generators – accordingly, it will be more expensive. This will result in a 1.5% increase in ...