Introduction. Price monitoring is the regular systematic observation, collection, and analysis of data on the price levels of material resources. In the current conditions of globalization and economic instability, effective cost management in strategic sectors, particularly in road construction, is impossible without a well-designed price monitoring system. Constant fluctuations in the cost of material resources create significant risks for budget planning, leading to financial losses or inefficient use of public funds. Analysis of global experience in determining the cost of material resources will allow the identification of advanced methods of data collection and verification that ensure transparent pricing, how effective and practical different methods of determining them are in the cost pricing systems of different countries, and how they differ from the methods of monitoring material resources that are used in our country.
The problem. Material resources are a key component of the cost of road works and occupy the most significant position in the structure of total costs. In the context of the transformation processes in the Ukrainian economy and increasing price instability, the issue of effective price monitoring is becoming particularly relevant. Analysis of global experience in the field of material resource price monitoring is an important tool for the formation of an effective national system for price analysis and price policy regulation. One of the key tasks is to compare the differences in methods of collecting price information and the degree of state intervention in pricing. It should also be noted that in many countries, the effectiveness of price monitoring is ensured by stable institutions, a high level of coordination between state bodies, the independence of regulators, and a developed antitrust policy.
Currently, Ukraine is actively working on creating a database of prices for material resources, which will take into account current market prices for materials, products, and structures used in the construction industry and will cover all regions of Ukraine.
Special attention should be paid to technological and information constraints. Global experience is increasingly based on the use of big data, automated price collection systems, online monitoring, and real-time analytical platforms. In Ukraine, the introduction of such tools is hampered by uneven levels of digitalization.
Purpose. The purpose of this study is to conduct a comprehensive analysis of the theoretical foundations and global practical approaches to monitoring prices for material resources in a modern market economy. The main models and instruments of price monitoring used in different countries are analyzed, in particular, mechanisms of state and market price regulation, methods of collecting, processing, and analyzing price information, methods and conditions for its disclosure, as well as the role of digital technologies and international information systems in ensuring the transparency of pricing processes. Particular attention is paid to assessing the effectiveness of global practices for monitoring prices of material resources in terms of their impact on market stability and the prevention of price speculation. Based on a summary of global experience, the article also aims to develop practical recommendations for improving the system for monitoring prices for material resources and the possibilities for adapting it to national economic conditions.
Materials and methods. The methodological basis of the study consists of general scientific and special methods of cognition of economic phenomena and processes, in particular, methods of analysis and synthesis were used to generalize theoretical approaches to the organization of price monitoring systems; a comparative method was used to compare price monitoring models operating in countries with different levels of economic development; a systematic approach was used to study the monitoring of prices for material resources as a component of the mechanism of state regulation and market self-control.
To assess the effectiveness of global practices in monitoring prices for material resources, methods of economic and statistical analysis were used, in particular grouping, the index method, and analysis of price dynamics. Content analysis and logical generalization methods were used to identify key trends, tools, and digital solutions in the field of price information collection and processing. Based on the method of generalizing global experience, conclusions and practical recommendations were formulated regarding the possibilities of implementing effective foreign approaches to monitoring prices for material resources, taking into account national economic conditions. While writing the article, an analysis of the relevant legislation of countries was carried out, as well as: 1. The object and subject of the study were determined, namely the experience of individual countries, regions, or organizations. 2. The goals and objectives of the study were formulated. 3. Information on global experience was collected from various sources, such as scientific articles.
Results. In the context of rapid changes in the global economy and rising inflation, monitoring prices for material resources is becoming not just an analytical tool, but a critical component of state economic policy. Studying global experience in monitoring prices for material resources will enable Ukraine to improve its current system for monitoring prices for material resources by implementing modern data verification tools into the Ukrainian pricing system, ensuring its compliance with current economic challenges. The study has formulated conclusions about global experience in monitoring prices for material resources and the possibilities for adapting it to domestic conditions.
Conclusions. Monitoring prices for material resources is not a technical statistical procedure, but a vital component of state economic policy. Global experience shows that countries that invest in high-quality price assessment and forecasting mechanisms achieve greater economic stability, investor confidence, and citizen protection. For Ukraine, this is an opportunity not only to adapt best practices, but also to develop its own model that will meet the challenges of the 21st century.
