Ukraine's inflation expected to reach 10% by year-end - analyst

He spoke about this on Espreso TV.

“As for the state of Ukraine's economy, I would call it a certain stability, because we are growing, but by a few percent. That is, the sea corridor, which was launched in 2023, is working very well and gives us the opportunity to trade agricultural products. We have also established separate supplies of other products because there is no control by the aggressor country. Unlike last year, this year there are no blockades or protests by Polish farmers, which is also a plus,” commented the head of the analytical direction of the ANTS network.

He stated that there is a significant issue regarding rising prices, which has been triggered by increasing electricity costs. Russian attacks on Ukraine's energy system have negatively affected the state of our economy. We are currently seeing a substantial increase in the prices of milk and dairy products because they are stored in refrigerated chambers. Consequently, the cost of storing these products has risen, leading to higher prices.

“And to be honest, the harvest was not very good. The weather was dry and the heat took its toll, so we don't have the same result as last year. So this will provoke an additional upside to inflation. We can expect inflation to be around 10% by the end of the year. As for macroeconomic indicators, if we talk about GDP in general, there is no stimulation of economic growth, but at the same time, the economy has learned to survive in the war,” said Illia Neskhodovskyi.

• Situation in the power grid on October 18: 552 settlements were cut off from power due to hostile shelling and technical violations.