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According to the NBU, in November 2024 consumer inflation in Ukraine increased to 11.2% annually, exceeding the forecasts in the October NBU Inflation Report. Core inflation reached 9.3% annually. The growth was due to higher prices for processed food products, increased business costs for energy supply and labor, and the devaluation of the hryvnia. Food products became more expensive due to a reduced supply of certain crops and livestock products, affecting raw and processed product prices. The cost of non-food

The World Bank has downgraded its inflation forecast in Ukraine to 20% by the end of 2022, whereas the April forecast was 15%, according to the World Bank regional director.  “The increase in inflationary pressure is due to the need to cover budget needs in March and May through the monetization of the National Bank of Ukraine. International partners have recognized these financial problems and have already allocated about $20B to finance assistance to Ukraine. Despite these significant commitments, the

While inflation in the consumer market in November compared to October increased by 0.8%. Since the beginning of the year, consumer prices have risen by 9.4%. As a result, core inflation in November 2021 compared to October 2021 was 0.8%, from the beginning of the year – 7.4%. At the same time, food prices for the month increased by 1.2% for the year – by 13.9%, reported ukrstat.ua.

stated the quarterly Inflation Report of the National Bank of Ukraine. After the peak in the September-October period, the rate of inflation will begin to slow down and at the end of 2021 will be 9.6%. In 2022, it will fall to the target of 5% and will be close to this level in the future. Ukraine’s real GDP will increase by 3.1% by the end of the year. In the future, the economy will grow at a rate of

Speaking with Bloomberg, the Deputy Chairman of the NBU, Serhiy Nikolaychuk, said: “We see that the peak inflation is lower than expected, and expect inflation to reach about 10.5% at the peak (the forecast of the peak was at 11% in July). At the end of the year, inflation may be even lower than the projected 9.6%.”

were among reasons cited for a lackluster recovery from 2020. The National Bank of Ukraine predicts that growth will be 3.8% this year. But last week, the bank warned at the spread of the delta variant of coronavirus this fall could depress growth to 3.2%.

, the State Statistics Service reports. This is almost double last year’s inflation rate of 5%. Last month, the biggest yoy increases were: natural gas +162%; sunflower oil +75%; and sugar +67%. The biggest drops were: vegetables -13%; shoes – 4%; and clothes -3.6%.