Business news from Ukraine

UKRAINIAN CABINET OF MINISTERS EXPECTS INFLATION WILL DECREASE TO 6.2% IN 2022 AND 5% IN 2023

4 June , 2021  

The Cabinet of Ministers expects the hryvnia exchange rate in the range of UAH 28 or UAH 29 per $1 in 2022-2023 and inflation will decrease to 6.2% in 2022 and 5% in 2023, Prime Minister Denys Shmyhal said.
The head of government said the relevant indicators are laid down in the Budget Declaration and the 2022-2024 Forecast of Economic and Social Development, approved by the government.
“The growth of salaries in the next three years will be approximately 8% to 10% per year (taking into account inflation). Inflation will return to the target of 5% in 2023, and it will be 6.2% in 2022,” Shmyhal said.

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