Annual inflation in June was 2.4%, slightly higher than 1.7% in May. Last year, inflation was 4.1%, less than half the 9.8% recorded in 2018. President Zelenskiy told former central bank governor Yakiv Smoliy that he wants inflation this year to go up to 9-10%. Zelenskiy believes that by printing money, the government can cover the budget deficit and produce signs of economic growth by the Oct. 25 local elections.
Annual inflation in June was 2.4%, slightly higher than 1.7% in May.
