Inflation is accelerating in Ukraine, but the NBU predicts it will decrease next year. In October 2024, consumer prices increased by 1.8% compared to September; annual inflation accelerated to 9.7% (8.6% in September), according to the Ukrainian State Statistics Service. Since the begin... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomicForecast #UkraineEconomy
In September, prices for goods and services in Ukraine rose faster than the National Bank’s forecast. Consumer inflation accelerated to 8.6% year-on-year in September against 7.5% in August. “The actual pace of price growth was higher than the forecast published in the Inflation Report for July ... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomicForecast #UkraineEconomy
Price increases accelerated in August: The NBU explains why. According to the National Bank, in August consumer inflation accelerated to 7.5% in annual terms (from 5.4% in July), as was expected. At the same time, core inflation increased more significantly tha... #FoodPrices #FuelPricesUkraine #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
Here are the main economic activity factors in Ukraine for the first half of the year. Macroeconomic indicators of the Ukrainian economy in 2024 show growth, but positive dynamics are slowing down. The growth potential represented by the economic recovery from the fall in 2022 has been ... #GDPinUkraine #InflationinUkraine #UkraineEconomicActivity #UkraineEconomy
The Ministry of Economy names four critical price growth factors in Ukraine. In August, consumer prices increased by 0.6% for the month. On an annualized basis (August 2024 compared to August 2023), inflation accelerated to 7.5% from 5.4% a month earlier, according to the Moni... #ElectricityDeficitUkraine #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
What are the NBU’s plans regarding the key policy rate? Almost all (10 out of 11) of the NBU’s Monetary Policy Committee members support keeping the discount rate at 13%. The NBU notes that the majority believes that the current rate level provides n... #AndriiPyshnyi #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
The National Bank of Ukraine kept the key policy rate unchanged at 13%. This decision will contribute to the gradual return of inflation to the 5% target in the following years and support the foreign exchange market’s stability, the NBU reported. It is also aimed a... #financeUkraine #foreignexchangemarket #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
National Bank: inflation will grow at a higher rate than predicted. Last week, the State Statistics Service announced that consumer inflation accelerated to 7.5% annually in August from 5.4% in July. In monthly terms, prices increased by 0.6%. However, the NBU noted t... #Hryvnia #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The IMF has worsened its GDP growth and inflation forecasts for Ukraine. The IMF predicts the growth of Ukraine’s real GDP at 3% in 2024 with inflation at 9%, the National Bank reported following the IMF mission. The IMF emphasized that Ukrainian fiscal policy, high ... #GDPinUkraine #imf #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The NBU explains why Ukraine’s price growth accelerated in the summer. In July, consumer inflation in Ukraine accelerated to 5.4% annually compared to 4.8% in June. According to the NBU’s estimates, the tendency toward accelerated consumer inflation continued in Au... #hryvniaexchangerate #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
This fall, the prices of products in Ukraine will increase by 30%. A short-term seasonal decrease in vegetable prices will be replaced by an increase in autumn, especially for high quality goods. Entrepreneurs complain that they have run out of security, and consumer... #ConsumerInflation #InflationinUkraine #pricesinUkraine #UkraineEconomy
Inflation in Ukraine will begin to grow – prices will rise in the fall. According to the State Statistics Service, zero inflation growth was recorded in Ukraine in July, but economists believe it will be different in August and the following months. The situation is unbal... #InflationinUkraine #ubnnews #UkraineEconomy #Ukrainenews #WarInflation
Financial analysts and businesses predict what will happen to prices and the dollar exchange rate in Ukraine. Inflation in Ukraine will accelerate over the next 12 months but will not exceed 9%. Such is the forecast given by bankers, financial analysts, and heads of enterprises. In July, financial analysts pr... #dollarexchangerate #financeUkraine #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
The National Bank predicts a slowdown in inflation next year. The NBU will allow exchange rate fluctuations that will make it possible to maintain control over inflation expectations and achieve the 5% inflation target, said National Bank Chairman Andriy Pyshnyi... #AndriiPyshnyi #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomicForecast #UkraineEconomy
The necessary conditions for further discount rate reductions in Ukraine are no longer present. Thanks to favorable macro-financial trends, the National Bank of Ukraine has reduced the discount rate from 25% to 13% in one year. However, the NBU does not currently see further prerequisites for lo... #CurrencyMarket #financeUkraine #InflationinUkraine #InterestRate #nbu #UkraineEconomy
The NBU leaves the key policy rate unchanged due to accelerated inflation. Ukraine halted a run of three interest-rate cuts after an acceleration in inflation prompted policymakers to signal that easing will only be possible to resume next year, reported Bloomberg. The Natio... #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
The NBU updated its forecast for key indicators in the Ukrainian economy. The NBU predicts the growth of Ukraine’s GDP in 2024 at 3.7% (April’s forecast was 3%). Economic growth in the year’s first half continued, although it has slowed down in recent mont... #foreignexchangemarket #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
In June, Ukrainians’ consumer sentiment worsened sharply. The Ukrainian consumer sentiment index decreased by eight points in June to 64.5. According to a study, all components of the indicator decreased. The index of the current situation has decreased to 5... #BusinessExpectation #consumersentiment #InflationinUkraine #UkraineEconomicActivity #UkraineEconomy #UkrainiansIncome
Annual inflation in Ukraine jumped to almost 5%, pushed up by electricity tariffs. Inflation in Ukraine accelerated to 4.8% in June compared to the same month in 2023, the State Statistics Service reports. At the same time, in the previous three months, this indicator went almost un... #ConsumerPrices #ElectricityTariffs #InflationinUkraine #pricesinUkraine #UkraineEconomy
The Ukrainian government clarified its 2024 forecast for developing the Ukrainian economy. The Ministry of Economy updated its statistical data and revised their assumptions and forecast for Ukraine’s economic and social development in 2024. Accordingly, by the end of 2024, nominal GD... #GDPinUkraine #InflationinUkraine #SalaryUkraine #UkraineEconomicForecast #UkraineEconomy #UnemploymentUkraine
The government predicts an acceleration of inflation in the coming months. As noted by the Ministry of Economy, in January through May the trend of slowing inflation continued; consumer inflation was the lowest in recent years – 2% since the beginning of the year. Annual inf... #ConsumerInflation #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The CES provides a forecast for key macro indicators through the end of the year. The Ukrainian economy will grow by 3-4% by the end of 2024, which is less than 2023, according to the macro forecast from the Center for Economic Strategy (CES). As experts explain, the pessimism rega... #dollarexchangerate #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomicForecast #UkraineEconomy
The National Bank has summarized the economic results for April-May. Here are the leading indicators: Inflation in April remained the same as in March – 3.2% annually. This was facilitated by a drop in prices for raw food products and persistent inflationary expe... #BusinessExpectation #InflationinUkraine #nbu #UkraineBudget2024 #UkraineEconomy #UkraineForeignTrade
World Bank: Almost a third of Ukrainians live in poverty. The number of Ukrainians living in poverty has increased by 1.8 million since 2020, accounting for about 29% of the population, as the Russian invasion continues to damage the country’s economy.... #FoodSecurity #InflationinUkraine #PovertyInUkraine #UkraineEconomy #UkrainePopulation #UkrainiansIncome #worldbank
A Ukrainian investment company revises its economic forecast for Ukraine. Investment group Dragon Capital has improved its inflation forecast in 2024 from 8% to 7.6%. At the same time, the previous estimate of a 4% increase in GDP in 2024 has been maintained thanks to the r... #DragonCapital #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomicForecast #UkraineEconomy
The NBU predicts that consumer price growth will accelerate moderately in the coming months, although in April, it was lower than the regulator predicted. “The deviation from the forecast was provided by the dynamics of little-forecasted factors of a temporary nature, first of all, a sh... #ConsumerPrices #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomicForecast #UkraineEconomy
Ukraine’s economic growth will slow to 3% this year, and the budget deficit will reach 20.7% of GDP. “The National Bank of Ukraine predicts that economic growth will slow to 3% in 2024 due to the loss of energy infrastructure and an expected electricity deficit of about 5%. In 2025-2026, GDP growth w... #BudgetDeficit #GDPinUkraine #InflationinUkraine #nbu #UkraineBudget2024 #ukrainedebt #UkraineEconomy
The government noted an acceleration of GDP growth in March to 4.6%, but analysts predict a further decline. The Ministry of Economy estimated GDP growth in March to be at the level of 4.6%, while in January, the growth was at 3.5%, and in February, 3.9%. The GDP growth trend is supported by stable seaport o... #GDPinUkraine #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
The National Bank lowered the key policy rate to 13.5% and improved its inflation forecast. With the discount rate decrease, the rates on overnight deposit certificates and three-month deposit certificates are also reduced – to 13.5% and 16.5%, respectively. The National Bank of Ukrain... #CurrencyLiberalization #InflationinUkraine #KeyPolicyRate #nbu #UkraineBudget2024 #UkraineEconomy
Due to slowing inflation, the interest rate on inflation-linked bonds will decrease to 5.4% per annum in May 2024. According to analyst Oleksiy Blinov, as the growth dynamics of the consumer price index slowed to 3.2% per annum in March, the interest rate for inflation-linked government bonds in May will be 5.4% p... #InflationinUkraine #InterestRate #nbu #OVDPselling #SecuritiesMarket #UkraineBond
Inflation in Ukraine fell to its lowest level in more than three years. The growth of consumer prices in Ukraine in March 2024 slowed to 3.2% in annual terms. This is the lowest value since October 2020, when annual inflation was 2.6%, reported the State Statistics Servic... #FoodProducts #InflationinUkraine #pricesinUkraine #UtilityServices
The key policy rate in Ukraine may drop to 11-12% by the end of the year. Some members of the Monetary Policy Committee of the National Bank have not ruled out a lowering of the key policy rate to 11%–12% this year. This rate will be consistent with expected moderate inflat... #CurrencyLiberalization #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
The International Monetary Fund has updated its macro forecast for Ukraine. According to the IMF, the expectation for nominal GDP in 2024 has increased to ₴7.75T from the ₴7.64T predicted in December last year’ However, 2025’s forecast remains almost unchanged at ₴8.86T. At t... #GDPinUkraine #imf #InflationinUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineEconomicForecast #UkraineEconomy
IMF: Due to the intensification of the war, the shock to Ukraine’s economy will begin in the second quarter. According to the IMF, in a negative scenario, the war will end by the end of 2025 and not at the end of 2024 as in the base scenario. At the same time, “the shock will begin in the second quarte... #GDPinUkraine #imf #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
S&P has worsened its forecast for Ukraine’s GDP growth; the long-term sovereign FC rating outlook is negative. Economic growth in Ukraine will continue in 2024 because of the expansion of domestic demand and the further recovery of sea exports, but it will decrease to 3.9% from about 5.5% last year, according ... #GDPinUkraine #InflationinUkraine #StandartandPoor #UkraineEconomy #UkraineRating
How did Ukraine’s economy react to the beginning of Russian aggression in 2014 and the full-scale war in 2022? Ukraine’s GDP did not fall as much in 2014 as it did in 2022, when it suffered a record-setting decline. In 2014-2015, GDP fell by 15.8%, and in 2022 – by almost 30%. However, the trajectory of ... #GDPinUkraine #hryvniadevaluation #InflationinUkraine #UkraineEconomy #WarinUkraine
Investment company Dragon Capital has updated its forecast for Ukraine’s economy. The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will ... #DragonCapital #financialaidforUkraine #GDPinUkraine #InflationinUkraine #TomasFiala #UkraineEconomy
Here are the reasons for the slowdown of inflation in Ukraine and new risks for an opposite trend. Several factors influenced the slowdown in inflation in January of this year. For example, aggregate demand has decreased significantly – by 25% compared to before the full-scale invasion, said ... #BohdanDanylyshyn #CurrencyMarket #InflationinUkraine #nbu #UkraineEconomy
The Ministry of Economy has assessed 2023’s most important economic indicators. Preliminary operational estimates indicate that Ukraine’s real GDP grew by 5% in 2023 after falling by 28.8% in 2022. According to the Ministry of Economy, the service sector’s most positi... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomy
Food prices in Ukraine will increase by 5-7% by the end of winter, said the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk. He noted, “There will be no sharp price increases because there are currently no facts that would lead to that occurring.... #DenysMarchuk #FoodPriceUkraine #InflationinUkraine #UkraineEconomy
Ukrainian wages have been growing for three quarters in a row, and inflation has fallen below the NBU’s target for the first time in three years. The revival of the economy and the slowdown of inflation have both contributed to the recovery of the growth in real wages since the second quarter of 2023. According to the National Bank of Ukraine, ... #InflationinUkraine #nbu #SalaryUkraine #UkraineEconomy
The government and the NBU predict an increase in the cost of living in Ukraine. The head of the NBU, Andriy Pyshnyi, said that product prices will rise sharply at the beginning of January. For the first month of the year, growth will be, on average, 5%. As for causes, first, the ... #AndriiPyshnyi #InflationinUkraine #nbu #pricesinUkraine #SerhiyMarchenko #UkraineEconomy
The government has issued a three-year forecast of Ukraine’s economic and social development: What will happen to GDP, inflation, and salaries? Next year, GDP will grow by 4.6%, in 2025, the growth rate will accelerate to 6.8%, and in 2026, it will slow to 6.6%. The growth of consumer prices (inflation), comparing December to December of the ... #GDPinUkraine #InflationinUkraine #SalaryUkraine #UkraineEconomicForecast #UkraineEconomy
Following a slowdown in inflation, the NBU lowered the key rate for the fourth time in a row. The National Bank of Ukraine decided to reduce the discount rate from 16% to 15% per annum starting December 15, 2023. The NBU continued its pattern of lowering the discount rate, which began in July,... #AndriiPyshnyi #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu
Concorde Capital gives its forecast regarding Ukraine’s key economic indicators. GDP growth in 2023 will be 5-6%. Currently, it is primarily supported by consumer demand.In 2024, this demand will decrease, and the projected GDP growth will be 2-3%, according to Ihor Mazepa, the fo... #ConcordeCapital #GDPinUkraine #IhorMazepa #InflationinUkraine #UkraineEconomy
Investment companies raise their 2024 economic forecasts for Ukraine. Based on 2023’s results, the ICU investment company predicts GDP growth between 5.8% and 5% in the coming year. It is also assumed that at the end of 2023 inflation will be 6.2%. Inflation is expected... #DragonCapital #GDPinUkraine #HryvniaForcast #InflationinUkraine #UkraineEconomy
Ukraine’s economy is recovering faster than forecast, but how will it do in the next two years? The rate of recovery of the Ukrainian economy in 2023 exceeded initial forecasts, and the locomotive of positive change was the ability of Ukrainian businesses to adapt to the challenging conditions o... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The government of Ukraine gives a price forecast for the near future. The growth of consumer prices in Ukraine will slightly accelerate in the coming months, but overall inflation will remain moderate. As noted in the Ministry of Economy’s review, price growth is ... #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
The EC has significantly improved its forecast for Ukraine’s 2023 GDP from 0.6% to 4.8%. At the same time, the forecast for 2024 was reduced from 4% to 3.7%; in 2025 GDP growth is expected to be 6.1%. “Despite serious problems caused by Russia’s aggressive war, Ukraine’s... #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #UkraineEconomy #UkraineGDPforecast
The National Bank explained why prices fell in October. The regulator noted that inflation has continued to slow down, primarily due to further growth in the food supply and the preservation of stability in the foreign exchange market. Thus, in October con... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
