“In May, inflation has probably reached its local maximum, after which a gradual slowdown in prices is expected. This was stated at a briefing by the Head of the National Bank of Ukraine Andriy Pyshny. According to him, in April, inflation accelerated to 15.1% in the annual dimension. In May, this figure exceeded the forecast trajectory of the NBU. “The prices for food were further affected by spring frosts that”, – WRITE ON: ua.news
In May, inflation has probably reached its local maximum, after which a gradual slowdown in prices is expected.
This was stated at a briefing by the Head of the National Bank of Ukraine Andriy Pyshny.
According to him, in April, inflation accelerated to 15.1% in the annual dimension. In May, this figure exceeded the forecast trajectory of the NBU.
“The prices for food were additionally affected by spring frosts, which influenced the cost of the first parties of vegetables and fruits of the new crop,” – explained the lush.
Fundamental pressure on prices, according to him, is maintained through steady consumer demand and an increase in business costs, in particular for wages.
At the same time, the NBU expects that in the summer inflation will slow down – due to the receipt of a new crop, the best situation in energy, reducing the global oil prices and the effect of a high comparison base.
“The trajectory of slowing inflation in the near future will depend to a large extent on the influence of spring frosts and weather conditions on the supply and prices of agricultural products,” the NBU head added.
Ukraine will also receive an additional $ 84 million funding from the World Bank by a housing recovery project that has been agreed as a result of Russian military aggression.
Since the beginning of a full -scale invasion, Ukraine has received 1.2 billion grant assistance through the targeted fund support, restoration, renewal and reform (URTF).
