Inflation in Ukraine begins to slow down.

Thursday, September 8, 2022
Inflation in Ukraine begins to slow down.

Inflation rates in Ukraine are decreasing for the second month in a row, the Ministry of Economy reported. In Ukraine, inflation is being caused by two factors, internal and external. As Deputy Minister of Economy Denis Kudin noted, inflation is partly imported because we buy expensive energy resources, gas and oil products, and high global prices are reflected in Ukraine’s prices. However, according to Kudin, the main inflationary factor is the war, which affects the supply of goods and production. Costs also increased due to disruptions in logistics, destruction of production assets and chains, and other purely military negative pressures. However, the inflation dynamics in Ukraine are gradually improving. There has already been a significant decrease in the price of certain goods and services, and the inflation rate has decreased for the past two months.

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