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National Bank: Inflation in Ukraine to reach 30% in 2022
October 20, 2022 6:20 PM
1 min read
Inflation remains under control amid the full-scale Russian invasion that has taken a severe toll on the Ukrainian economy, the National Bank reported. In 2023, inflation will decrease to 20.8%, according to National Bank's estimates.
"Inflation will accelerate by the end of the current year and will start to decline in the first quarter of 2023," the NBU said. If the full-scale war lasts longer, Ukraine's economic recovery will be weaker, and inflation will be higher than currently expected, NBU said.
According to the National Bank, Ukraine's GDP will decrease by 32% in 2022.

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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