Page 19 - UKRRptJun22

4.0 Real Economy 4.1 Industrial production
Russia’s war has destroyed or damaged over 200 factories and large enterprises in Ukraine. Ukraine will also need to restore 12 airports, over 1,000 educational institutions, and almost 300 bridges and overpasses that have been damaged, destroyed, or seized as a result of Russia’s war against Ukraine, according to Prime Minister Denys Shmyhal.
4.2 Inflation
Inflation in Ukraine accelerated to 16.4% in April. In April 2022, annual consumer inflation accelerated to 16.4% from 13.7% in March due to the effects of the war, announced the National Bank reports. Monthly, prices have increased by 3.1%. The main factors accelerating inflation were disruption of supply chains, increased business costs, and physical destruction of enterprise assets due to the full-scale war declared by Russia. It is noted that the growth rate of prices for processed food products accelerated to 19.3% year on year (from 16.6% in March). The growth rate of prices for goods with a significant component of imports in the cost increased due to the narrowing of opportunities for their supply and the loss of stocks in warehouses. Non-food prices grew faster in April (by 6.6% year on year, while by 3.6%) in March. The growth of the cost of services accelerated to 12.8% year on year (from 11.3% in March). The growth of raw food prices accelerated significantly to 25.6% year on year.
19 UKRAINE Country Report XXXX 2018 www.intellinews.com