Consumer price growth in Ukraine dropped to zero in July 2024, following a surge to 2.2% in June from 0.6% in May, the State Statistics Service reported on Friday. The service said that in July 2023, consumer prices had decreased by 0.6%, so in annual terms, inflation as of July 2024 grew to 5.4%, up … Read more
The National Bank of Ukraine (NBU) has worsened the price growth forecast for 2024 and 2025 by 0.3 and 0.6 percentage points (p.p.), respectively – to 8.5% and 6.6% primarily due to increased business costs for labor and electricity. “Price pressure will continue in the coming months due to further increases in business costs, higher … Read more
The producer price index (PPI) of industrial products in Ukraine increased by 14% in June compared to May, the State Statistics Service reported. According to the calculations of analyst Oleksiy Blinov from Forbes, such industrial inflation has not been observed in Ukraine for 30 years. The last time higher rates were only during the hyperinflation … Read more
The growth of consumer prices in Ukraine in May 2024 accelerated to 0.6% from 0.2% in April, 0.5% in March, 0.3% in February and 0.4% in January, the State Statistics Service reported. The statistics agency recalled that in May 2023 the price increase was 0.5%, therefore, in annual terms, inflation in May of this year … Read more
Consumer prices growth in Ukraine in April 2024 decreased to 0.2% from 0.5% in March, 0.3% in February, and 0.4% in January, the State Statistics Service reported on Friday. The agency reminded that in April 2023, the price growth was also 0.2%, so the annual inflation by the end of April of this year remained … Read more
Consumer price growth in Ukraine accelerated to 0.5% in March 2024, compared to 0.3% in February and 0.4% in January, according to the April 9 State Statistics Service (Ukrstat) report. However, y-o-y inflation rate has slowed down to 3.2%. The statistics body recalled that in March 2023 it was higher – 1.5%, therefore, in annual … Read more
The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will be ₴39 for $1. The founder of the Dragon Capital investment company, Tomas Fiala, announced the forecast … Read more
The National Bank of Ukraine (NBU) has decided to maintain the key interest rate at 15%, with an expectation of a gradual reduction starting in the second half of 2024, the NBU press service said on Jan. 25. “This decision comes along with the need to maintain exchange rate sustainability, keep inflation moderate in 2024, … Read more
Ukraine saw a significant drop in inflation accompanied by robust economic growth in 2023, Andriy Pyshnyi, the Ukrainian National Bank’s (NBU) head, said in an interview with the “We are Ukraine” YouTube channel on Jan. 6. “At the beginning of the year, inflation was 26%, the forecast predicting zero economic growth, immense uncertainty, and a … Read more
Inflation in Ukraine has significantly slowed, reaching its lowest rate since the commencement of the full-scale war – standing at 12.8% in June 2023 year-over-year, the Institute for Economic Research said in its latest monthly economic monitoring report. Prices in June remained stable at the level of May, except for the increase in energy prices. … Read more