Monday, November 1, 2021

Inflation will slow down to single-digit rate of 9.6% by the end of 2021

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 about 4% annually.

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The NBU forecasts an increase in electricity prices by 25% per year.

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