Inflation in Ukraine Hinders Economic Growth and Devalues Human Labor
Inflation in Ukraine has negative effects on society, like hindering economic growth and devaluing labor. The article studies inflation in Ukraine from 2014-2020 and finds that inflation has slowed since 2017 due to a stronger currency and lower energy prices. Factors that speed up inflation include more credit, high demand for goods, and rising production costs. Factors that slow inflation include a stronger currency and higher prices for basic goods. Ways to overcome inflation include stabilizing money circulation and compensating for the devaluation of people's money.