InflationUkraine

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%.