Skip to content
Edit post

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

by The Kyiv Independent news desk October 20, 2022 6:20 PM 1 min read
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

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.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

2:44 AM

Opposition rally held in Tbilisi denouncing "foreign agents" law.

On April 28 in Tbilisi, Georgia, an opposition rally opposing the foreign agents law occurred, starting from Republic Square and culminating at the Parliament. Participants chanted slogans denouncing the legislation and projecting messages onto the Parliament building, including “No to the Russian law.”
1:32 AM

Russia attacks 10 communities in Sumy Oblast.

Russian forces attacked ten border areas and settlements of Sumy Oblast on April 28, firing 35 times and causing at least 127 explosions, the Sumy Oblast Military Administration reported.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.