According to Havrylechenko, importers will take potential exchange rate risks into account in their pricing strategies. He highlighted that due to limited domestic production capabilities in Ukraine, the country is heavily reliant on imports, even for essential food ingredients.
“This is an implicit exchange rate, you won't see it directly. This rate will be factored into the price of absolutely all goods available,” Havrylechenko explained.
As a result, the potential increase in the exchange rate will significantly affect the cost of goods, creating inflationary pressure across various sectors of the economy.