Inflation reaches record 43% in Ukraine

0 3

January 8, 2016

Vesti  Finance

Translated by Kristina Rus

Inflation amounted to 43.3% in Ukraine for 2015 December to December and reached a 20-year record as a result of hryvnia devaluation and growth of tariffs in the exhausted by war, corruption and crisis economy, reports Reuters.

In December price growth has slowed down in annual terms compared to 46.6% in November, according to the state statistics of Ukraine.

The National Bank of Ukraine expects inflation up to 12% this year and promised to resume easing  of monetary policy in the case of a continuing deflationary trend, and by the end of 2016 to move to inflation targeting.

In previous 2014 prices rose by 24.9%.

Inflation above 40% was not observed in Ukraine since 1995, when prices grew by almost 200%.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.