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Ukraine Faces 12% Inflation Amid Rising Costs, Forecasts Hope

1/14/2025

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Summary

Story summary

Ukraine's inflation hit 12% in December 2024, influenced by low harvests and increased energy and labor costs.
The National Bank of Ukraine anticipates rising inflation in early 2025, aiming for a 5% target later in the year.
Improved harvests, energy sector stability, and NBU policies are expected to help reduce inflation.
An updated inflation forecast will be released by the NBU on January 23, 2025.

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Story summary

Ukraine's inflation hit 12% in December 2024, influenced by low harvests and increased energy and labor costs.
The National Bank of Ukraine anticipates rising inflation in early 2025, aiming for a 5% target later in the year.
Improved harvests, energy sector stability, and NBU policies are expected to help reduce inflation.
An updated inflation forecast will be released by the NBU on January 23, 2025.