The hryvnia has been beefing up steadily, updating its four-year high / Photo from UNIAN
Economy minister says prices for imported goods rose by an average of 0.3% on year.
The Ministry of Economic Development, Trade and Agriculture of Ukraine says investigations could be carried out to look into the fact that prices for a number of imported goods have not decreased against the backdrop of the strengthening of the hryvnia forex rate.
"Forex rate is strengthening, but prices are not decreasing. How come? Prices for imported goods increased by an average of 0.3% on year. They decreased for 71 items and increased for 56 (127 items in the basket for calculating inflation). What's holding back the price slide? Rising salaries and other expenses in prime cost. For certain positions, where there should be a greater decrease, so we'll analyze this and, if necessary, contact the market and conduct investigations," Ukrainian Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov wrote on Facebook.
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As UNIAN reported earlier, the National Bank of Ukraine set the official forex rate of the hryvnia against the U.S. dollar for Friday, December 13, at UAH 23.56 per U.S. dollar, which was the maximum indicator since January 2016, or almost in four years.