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The Minister of economic development explained why in Ukraine the dollar is falling and prices are no

Ukraine / Business and Finance

Tymofiy mylovanov shared his thoughts about the dollar and the prices of imported goods with their readers on Facebook.

The Minister of economic development explained why in Ukraine the dollar is falling and prices are no

According to the Minister of economic development, trade and agriculture of Ukraine Timofey Milovanov, this year the dollar against the hryvnia fell by 12% (November 2019 to November 2018). At the same time the prices of goods with significant imported component increased by 0.3%.

On Minister, on the rising prices, "pushing" factor of the growing wages of Ukrainian citizens, and affect the price factor in the exchange rate.

"in fact, both factors are balanced. If it is oversimplified. If more detail, then there are many other factors ... the price of cigarettes, by the way, are growing because of an increase in excise taxes. If the excise tax did not increase, and would be more competitive market for certain other positions, it's possible General inflation of imported goods would be negative," - said the official.

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