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According to a report by the State Statistics Service of Ukraine, consumer prices in Ukraine accelerated to 22.2% in July compared to last year. Earlier in July, the National Bank of Ukraine said that inflation in Ukraine will reach over 30% in 2022, while the country's GDP is expected to decrease by a third this year amid a full-scale Russian invasion that is causing significant losses to Ukraine's economy.

The Kyiv Independent news desk
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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