Page 22 - UKRRptNov22

4.2 Inflation
The annual inflation rate in Ukraine accelerated to 24.6% in September of 2022 from 23.8% in the previous month, the highest since February of 2016 and above the central bank’s estimate of 24.4%.
Prices rose faster for food and non-alcoholic beverages (31.7% vs 30.7% in August), transportation (41.1% vs 40.4%), household items and furnishings (24.4% vs 21.6%) and restaurants and hotels (19.2% vs 17.2%). On a monthly basis, consumer prices rose 1.9%, following a 1.1% increase in August.
National Bank of Ukraine said that inflation in Ukraine will reach 30% in 2022. 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.
22 UKRAINE Country Report November 2022 www.intellinews.com