Financial crisis in Ukraine 2008: cause and effect
The catalyst for the financial crisis in Ukraine 2008 was the uncontrolled growth of money supply. Issuing funds have led to increased demand for products, and as a consequence to higher prices. Thus, the causes of the financial crisis caused by itself economic model of Ukraine. Stimulating the economy through the credit through interest on loans. To repay the loan, the person or company should in the next year to work better than the previous one, to cover the loan costs.
Inflation in September 2011 minus 2.29% - vegetables make another leap
Season vegetables and fruits continue. Cabbage, potatoes and tomatoes have made a breakthrough of its price. Prices of vegetables have reached their minimum -vegetable basket worth 57.91 UAH, and for example, in April 2011, it was worth 284.23 UAH (prices of vegetables for 5 months decreased by 5 times). Thanks to the continuing drop in prices for vegetables, inflation in September, once again has a negative value - deflation amounted to 2.29%.
September continues to enjoy the fall in prices not only for fruits and vegetables, but also in grains - buckwheat porridge with cheaper. Sugar fell considerably: in August, worth kilogram 9.59, then 7.99 UAH in September per kilo.
Meat and meat products traditionally not pass position, and only increase in value. When in September 2010 the meat basket was worth 266.07, in September 2011 value amounted to UAH 328.69. per basket. Meat inflation for the year is 23.4%
We continue to stock up for winter soaked apples and watermelons, cheap cabbage and we press wine from grapes. Enjoy the colorful chrysanthemums and colors of Indian summer - a wonderful time for positive emotions.
Individual inflation in September 2011 was minus 2.29%. For ten months of 2011grocery inflation was -3.15% (deflation). Due to lower prices for vegetables, deflation for first 9 months of 2011 further increased. We cherish the hope that prices of vegetables will rise gradually rather than all at once at times.
Ukraine GDP 2010 - the historical level
For the first time in the history of Ukraine independence nominal GDP crossed 1 trillion UAH. However, there is no cause for enthusiasm - the phenomenal growth was provided by inflation.
Living in Ukraine has become worse
As of 1 November 2010. in Ukraine, according to Goskomstat, the population was 45 808 thousand. During January-October 2010. population has decreased by 154.1 thousand. This natural decrease of population of Ukraine is one of the most significant among European countries.
Financial result of a Bank
Searching the links between the provision for loans and financial result of a Bank. Based on the size of the provision for loans and size of the profit for the period, we can conclude on the adequacy of financial results reflect the bank. Ukrainian banks often do not reflect adequate size of its profit.
Macroeconomic policy of Ukraine
There is an raising popularity in the improvement literature that macroeconomic stabilization, which actually assumes low budget deficit, very low inflation and permanent exchange rate, is a essential, and not sufficient condition for monetary climate growth. If anything at all, the evidence suggests that it is only inflation higher than some tolerance point that harms increase.
Inflation in August 2011 1.27% - vegetables season is finished
Season of vegetables and fruits is finished. Now we can observe gradual rise in prices of basic components of Ukrainian “borsch”. Three months of falling prices - May, June, July - came to an end. On average, prices have risen significantly - the inflation in August amounted to 1.27%.
In summer months, a trend rise in prices for meat and dairy products, but a significant decrease in the prices of vegetables - the total consumer basket dropped in price. When cabbage and tomatoes begin to rise in price, we will reach a new level of high prices comparing to 2010 - now meat and dairy products is more expensive than last year. Accordingly, the Ukrainians will meet in October 2011 with a serious test of family budgets.