It became known why products in Ukraine are more expensive than in the United States and Europe

Published Jul 30, 2021

Tridge summary

Ukrainian households are spending approximately half of their income on food, which is a higher proportion compared to many countries, including Russia and some African nations. This high food expenditure is due to both low wages and high product prices in Ukraine. Despite being a major agricultural nation, Ukrainian farmers often struggle with low wages, indicating that a significant portion of the money spent on food is going to intermediaries or the state treasury. The high cost of food is exacerbated by rising costs of energy and water, as well as taxes. Ukraine's annual subsidy for farmers is only a fraction of the billions of dollars provided to farmers in other European countries, leading to higher production costs and, ultimately, higher food prices for consumers. The high food burden in Ukraine is a reflection of broader issues related to economic management and priorities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recent opinion polls confirm a fact known to most Ukrainian families: on average, we spend half of our income on food. This is more than in some African countries and even Putin's Russia, where food is about a third of the salary. And it certainly does not compare with the United States and developed European countries, whose inhabitants spend less than 10 percent of their income on food. This was reported by UNIAN, writes agronews.ua. The first explanation that comes to mind is that salaries abroad are higher. But this is only partially true. In such a large agrarian country as Ukraine, which feeds its grain almost all over the world, products in stores are, sometimes - many times more expensive than abroad. Ukrainians who live in Poland and periodically visit their home country cannot understand how pricing works here. Why all the products are so expensive at our low level of wages, and why prices are only rising every year. For example, here are the prices for typical for each ...

Source: AgronewsUA