Mykhailo Nepran, the first vice-president of the Chamber of Commerce and Industry of Ukraine, a member of the Ukrainian Business Council, admitted possible price fluctuations due to market conditions while dismissing any reasons for price panic.
The pundit made the comment speaking of the government reducing the list of “socially significant products” for which the state vowed price regulation.
“Of course, there can be price fluctuations, because this is a living market, but yesterday I monitored the shelves in some stores and they were full of products. Take pasta – there are Ukrainian, Italian and Polish options. There is a discount on some of them. Therefore, there is no reason to panic,” he emphasized.
According to the expert, chicken producers foresee no price hikes for their products.
“Recently, I spoke with one of the large chicken producers and asked if they predicted an increase in the prices of their products. They explained that there was enough grain and the price for it was quite loyal, their feed mills bought grain, made feed and predicted no increase in the price of chicken. Today, chicken is one of the most common and popular products in Ukraine and this large producer does not predict any price hikes. A vendor in a street market may put forward a higher price, telling you that they fed their chicken only wheat and that their production was eco-friendly,” Nepran said.
The economist noted that prices were dictated by the market, and today the situation in Ukraine was more or less stable, even in wartime.
“For the past seven months, our inflation has been lower than in Poland, where there is no war. There is no reason to panic and it is not worth creating any artificial hype, which ultimately leads to an increase in prices,” he emphasized. (Ukrinform/Business World Magazine)