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Annual inflation in Ukraine reaches 21.5% in June

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Consumer prices in Ukraine accelerated to 21.5% in June, compared to 18% a month earlier, according to the State Statistics Service of Ukraine. The increase, the highest since inflation reached 20% in March of 2016, is due to costs of fuel and food supplies constrained by Russia’s invasion. Ukraine's central bank has hiked interest rates to 25% to combat inflation.

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We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Russia failed to break Ukraine’s army on the battlefield, and now it’s trying to do it through a peace plan that would cap Ukraine’s forces at 600,000. Some argue that Ukraine would shrink its army — currently estimated at about 800,000 — after the war anyway.

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