Due to prolonged power outages in the summer, the number of Ukrainians leaving the country exceeded the figures reported by the National Bank of Ukraine.
This is mentioned in the latest inflation report by the NBU.
This situation has led to increased pressure on businesses in Ukraine due to a shortage of workers in the third quarter of 2024.
According to the UN, the number of Ukrainian migrants rose by nearly 200,000 in the third quarter, and this trend continued into the beginning of the fourth quarter — by mid-October 2024, their number reached almost 6.8 million. This resulted in a labor shortage in the job market and simultaneously contributed to rising wages.
Furthermore, in the second quarter of 2024, average real wages increased by 17.6% compared to the previous year, and nominal wages rose by 22.1%.
Indirect data indicates that the growth rate of nominal wages remained high in the third quarter. However, intensified inflationary pressure caused a certain slowdown in the growth of real wages, although they remained relatively high and continued to support private consumption.
Earlier, Politeka also wrote about Ukernergo's plans to implement power supply restriction schedules based on temperature indicators to maintain energy supply during critical situations.