NBU: Inflation rate to reach 30% at year’s end

“Inflation will accelerate to around 30% at the end of this year but it will decrease in the following years provided that security risks are expected to decrease and monetary and fiscal policies are coordinated,” Governor of the National Bank of Ukraine Andriy Pyshnyy said at a briefing.

The NBU governor noted that this year’s acceleration of the inflation rate could be considered quite moderate given the full-scale war and long-term inflation records in many world countries.

According to him, the National Bank expects the growth of consumer prices in Ukraine to slow down from next year thanks to the gradual establishment of logistics and production, fading world inflation, moderately tight monetary conditions, the balanced monetary policy of the government, and the refusal of monetization of the budget.

Pyshnyy emphasized that, according to NBU forecasts, inflation will decrease to below 20% next year and to 10% a year later.

Мандрик Павло

Recent Posts

Welcome, Mr. Donald. You are President once again

Orest Biloskursky, the head of the Kyiv24 Applied Research Think Tank, offers an exclusive analysis…

6 months ago

Ukrainian Forces Down Russian Su-25 Attack Aircraft in Donetsk Region

Ukrainian National Guard fighters have destroyed a Russian Su-25 attack aircraft, which was on a…

10 months ago

EU Opens Membership Talks with Ukraine

On Tuesday, June 25, a conference in Luxembourg marked the beginning of negotiations on Ukraine's…

10 months ago

International Court Issues Arrest Warrants for Chief of General Staff and Former Russian Defense Minister

The Pre-Trial Chamber II of the International Criminal Court (ICC) has issued arrest warrants for…

10 months ago

Missile Strike Causes Warehouse Fire in Odesa

A warehouse is burning in Odesa following a missile strike. There are injured individuals, but…

10 months ago

Ukrainian Armed Forces Strike Refineries, Depots, and Radar Stations in Russia

In recent days, the Ukrainian Defense Forces have successfully carried out a series of strikes…

10 months ago