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National Bank: Inflation in Ukraine to reach over 30% in 2022

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According to the National Bank of Ukraine, the country's GDP is expected to decrease by a third this year amid a full-scale Russian invasion that is causing major losses to the Ukrainian economy. “Inflation will accelerate by the end of the current year and will start to decline in the first quarter of 2023,” the NBU said.

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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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"During the Spring Meetings, we found understanding from our partners that this is indeed a sensitive topic and a non-constructive idea," Ukrainian Prime Minister Yulia Svyrydenko said on April 19 in a Telegram post, referring to the new VAT tax.

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