30.Jul .2021 23:00

Inflation in Ukraine to Reach 9.6% at Year-End

Inflation in Ukraine to Reach 9.6% at Year-End
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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 2021.

"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, Ukrinform reports.

Consumer inflation in Ukraine in June 2021 was 9.5% compared to June 2020 and was higher than the NBU's April forecast (9.2%).