bne:Chart - Number of Ukrainians in food poverty increases sixfold in two years

By bne IntelliNews July 14, 2015

Henry Kirby in London -

The number of Ukrainians who consider themselves to be in food poverty has increased sixfold in the last two years, according to a study by international polling firm TNS Global.

The survey asked 5,000 Ukrainians if they considered themselves wealthy enough to buy certain goods, ranging from televisions and large household appliances to basic necessities such as clothes and food.

In April 2013, only 1% of respondents said they did not have enough money to buy sufficient quantities of food – a figure that increased to 6% when the survey was conducted in January this year.

The ongoing conflict in Ukraine’s Donbas region, soaring energy prices and a sharp drop in industrial production has caused Ukraine to suffer double-digit inflation for well over a year, peaking at a year-on-year figure of 60.9% in April, which has slashed the purchasing power of most Ukrainians.

As the bne:Chart shows, the proportion of respondents who claim to largely be able to afford what they want has remained at a similar level, dropping only one percentage point in the last two years, from 3% to 2%, which would suggest that the economic hardships in Ukraine are only really hurting the poorest in the country.

 

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Ukraine's largest PrivatBank faces down nationalisation fears

Graham Stack in Kyiv - Ukraine's largest lender PrivatBank has survived a stormy week of speculation over its future, but there are larger rocks ahead, with some market participants anticipating the ... more

bne:Chart - Russia begins to steady the ship according to latest Despair Index

Henry Kirby in London - Ukraine and Russia’s latest “Despair Index” scores suggest that the two struggling economies could finally be turning the corner, following nearly two years of steady ... more

Austria's Erste rides CEE recovery to swing to profit in Jan-Sep

bne IntelliNews - Erste Group Bank saw the continuing economic recovery across Central and Eastern Europe push its January-September financial results back into net profit of €764.2mn, the ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss