The Ministry of Economy gives guarded forecast regarding hyperinflation in Ukraine.

During the war, the inflation rate in Ukraine has accelerated significantly. However, hyperinflation should not be expected, as prices will remain under state control, reported the Ministry of Economy. The consumer price growth rate remains moderate, at 17.4% for the first half of the year. The price dynamics will continue to depend solely on the course of events on the battlefield. The Ministry of Economy identified a significant risk of accelerating inflation due to increased devaluation of the hryvnia resulting from a shortage of foreign currency. It was further provoked by the deterioration of the trade balance against the background of the seaport blockade and the outflow of foreign currency due to the population exodus from the country.  However, the Ministry added that Ukraine should not expect extremes in price dynamics, which might lead to extremely high hyperinflationary rates.