Inflation will remain above 10% in the third quarter of 2021, but will slow down until the end of the year, according to the NBU press service.
“Inflation will reach 9.6% until the end of 2021 and return to its 5% target in H2 2022,” the report reads.
Inflation will slow with the arrival of the new harvest, the adjustment of global energy and food prices and due to the tighter monetary policy conducted by the NBU, in particular through raising its key policy rate and phasing out emergency monetary measures.
At the same time, in July, consumer inflation accelerated to 10.2% YoY, up from 9.5% in June. In monthly terms, prices grew by 0.1%. This is according to data published by the State Statistics Service of Ukraine. (Ukrinform/Business World Magazine)