Consumer price growth in Ukraine in May 2023 accelerated to 0.5% from 0.2% in April after slowing down from 1.5% in March, 0.7% in February and 0.8% in January, the State Statistics Service reported on Friday. At the same time, inflation of 2.7% was recorded in May 2022, therefore, year-over-year in May 2023, it decreased … Read more
The growth of consumer prices in Ukraine in April 2023 slowed down to 0.2% from 1.5% in March, while 0.7% in February and 0.8% in January, the State Statistics Service has said on Wednesday. However, inflation of 3.1% was recorded in April 2022, therefore, year-on-year, in April 2023, it decreased to 17.9% from 21.3% in … Read more
Inflation in Ukraine was 0.2% In April 2023, down from 1.5% in March, 0.7% in February, and 0.8% in January, according to an express report by the State Statistics Service published on May 10. The core inflation rate also fell to 0.5% in April, down from 1.5% in March, returning to February’s level. Compared to April last … Read more
The National Bank of Ukraine (NBU) has revised its 2023 inflation forecast from 18.7% to 14.8%, stating that inflation will drop and return to a single-digit figure in the next years, the NBU’s press service reported on April 27. “Inflation will continue to decelerate, including due to lower global energy prices, restrained domestic demand, and the effect of the … Read more
While consumer price index continues to climb, particularly when it comes to food items, annualized inflation rate in Ukraine has decelerated to 21.3%, the State Statistics Service said in a report published on April 10. In March 2023, consumer price growth in Ukraine accelerated to 1.5%, up from 0.7% in February, while annualized inflation rate … Read more
The real gross domestic product (GDP) of Ukraine in 2023 will decrease by 0.1% with a spread of estimates from a decline of 4.6% to an increase of 5.5%, such a consensus forecast of eight companies and non-state institutions was published by the Center for Economic Strategy on Monday. According to a forecast involving Concorde … Read more
Consumer price growth in Ukraine accelerated to 0.8% in January 2023, against 0.7% in December and November 2022, but overall the pace of price rises in the country has slowed in recent months, the State Statistics Service reported on Facebook on Feb. 9. The most recent data is significantly below October’s indicator of 2.5% and … Read more
Throughout 2023, inflation rate in Ukraine will slow down to 18.7%, while real GDP will grow only marginally – by 0.3%, primarily due to expected reduction of national security risks, the National Bank of Ukraine (NBU) said in its January report. The NBU predicts that inflation will slow down in 2023 due to tight monetary … Read more
The National Bank of Ukraine (NBU) has improved its inflation forecast for 2023 to 18.7%, down from from 20.8%, the press office of the central bank said on Jan. 26in a report on the financial situation in Ukraine. Tight monetary conditions, global inflation declines and weaker consumer demand amid regular power outages will contribute to the … Read more
Fixing the hryvnia exchange rate has been and remains the main factor in keeping inflation under control, but this was achieved through a set of steps, including raising the key policy rate to 25%, Director of the NBU’s Monetary Policy and Economic Analysis Department Volodymyr Lepushinsky has said. “Controlled inflation, which at the end of … Read more