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Inflation in Ukraine may slow down to 10-15% – UNIAN

Consumer inflation in May, compared to May 2021, was 18%.

The specialist predicts a slowdown in inflation / photo from UNIAN

The level of inflation in Ukraine after a radical increase by the National Bank of the discount rate may drop to 10-15%.

Oleg Ustenko, adviser to the President of Ukraine on economic issues, stated this on the air of the information telethon.

“Raising the discount rate from 10 to 25% is an unprecedented increase. The main thing they (the National Bank – UNIAN) wanted to achieve was a slowdown in inflation. There is hope that inflation will be at least brought to the level of 10-15%. This is significant,” he said.

As UNIAN reported earlier, according to the State Statistics Service, consumer inflation in Ukraine in May in annual terms – compared to May 2021, was 18%.

On June 2, the Board of the National Bank of Ukraine decided to raise the discount rate from 10% to 25% per annum.

Keep in mind that inflation in the US peaked over the past 40 years. Earlier Ukrainians told how much will the consumer basket rise in price this year.

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