Tuesday, October 24, 2017

Foodstuffs represent lion's share of Ukrainians' expenditures

By Vladimir V. Sytin

As the saying goes, with eating grows the appetite.

Ukrainians' food expenditure accounts for about 50% of all purchases. In the main, they buy bread, vegetables and beer. Fish, meat and confectionery sales have decreased that can be explained by a rise in prices of these foodstuffs.

At the same time, expenditures on other needs are on the decrease from year to year. For instance, Ukrainians' clothing and footwear spending makes up only 5.6% of all purchases today, compared with 10% last year.

According to Paul Craig Roberts, chairman of the Institute for Political Economy, Ukraine has been overthrown in a U.S. coup and is now poverty-stricken.

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