Consumer inflation in Ukraine will reach 9.6% at the end of 2021 and will return to the target of 5% in the second half of 2022, the National Bank of Ukraine (NBU) has said in its quarterly inflation report for July.
“As before, the National Bank expects inflation to peak this autumn amid high world prices, further recovery in domestic demand and a low basis of comparison, and then begin to decline. The figure will be 9.6% at the end of 2021 and will return to the target of 5% in the second half of 2022,” the report reads.
Consumer inflation in Ukraine in June was 9.5% compared to June 2020 and was higher than the NBU’s April forecast (9.2%). (Ukrinform/Business World Magazine)
