Inflation in Ukraine will drop to 9% or lower in 2023 from 26.6% last year, Prime Minister Denys Shmyhal said at the opening of the Kyiv International Economic Forum on Thursday.
“We have inflation of about 8-9% for the year. I am convinced that it will not be higher,” the Prime Minister said.
According to him, after a 29.1% decline, GDP growth this year was “3%+”.
“The (budget) deficit still remains 20% of GDP, but we have found a way to compensate for it: while last year we received $32 billion in grants and soft loans, this year we expect to receive $42 billion without military support and other humanitarian contributions,” Shmyhal said.
As reported with reference to the State Statistics Service, inflation in Ukraine in September fell to 7.1% in annual terms from 8.6% in August and 11.3% in July. Since the beginning of this year, inflation in the country has been 3.0%, with core inflation at 4.1%.
At the end of July, the National Bank of Ukraine again improved its inflation forecast for this year from 14.8% to 10.6%, but last week announced plans to further revise it downward.
In 2022, inflation is expected to rise to 26.6% from 10% in 2021, and core inflation to 22.6% from 7.9%.
