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Ukraine's inflation slows to 0.2% in June

Source : 112 Ukraine

According to the State Statistics Service, core inflation in June was 0.4%, while in May it was at 0.7%
21:21, 9 July 2021

Open source

The growth of consumer prices in Ukraine at the end of June 2021 decreased to 0.2% from 1.3% at the end of May. In annual terms, inflation remained at 9.5%. The relevant data are published on the website of the State Statistics Service.

According to the State Statistics Service, core inflation in June was 0.4%, while in May it was at 0.7%.

Related: Inflation rate in 2022 will be 6.6%, - Ministry of Economy forecast

In general, for the first six months of 2021, inflation in Ukraine amounted to 6.4%, core inflation to 4.3%.

Meanwhile, the Cabinet of Ministers of Ukraine expects inflation to drop to 6.2% in 2022 and to 5% in 2023. In addition, in the coming years, it is planned to reduce public debt to less than 50% of GDP. Prime Minister of Ukraine Denys Shmyhal said following the results of the government-approved Budget Declaration and the 2022-2024 Forecast of Economic and Social Development.

"The public debt is planned to be reduced to less than 50% of GDP. This means that we will spend less on servicing debts and spend more on medicine, defense and education," Denys Shmyhal said.

Related: Ukraine's inflation slows to 0.7% in April, to 8.4% year-over-year

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