inflation

Major pharmacy chains ready to lower prices following Zelenskyy's criticism

Ukraine's largest pharmacy chains have proposed a price reduction mechanism to the Health Ministry, shortly after spiking medication costs were discussed during a National Security and Defense Council meeting.

10 February 2025, 11:36 PM

January 2025 inflation in Ukraine at 1.2%

Consumer prices in Ukraine rose by 1.2% in January 2025—notably lower than in December (1.4%) and November (1.9%) of 2024, according to the State Statistics Service.

10 February 2025, 08:12 PM

Ukrainians fear rising prices more than territorial occupation, survey finds

Ukrainians view inflation and potential economic crises as the country's biggest challenges over the next 12 months, according to a survey by Rating, a Ukrainian polling firm.

6 February 2025, 08:25 PM

Zelenskyy announces state pensions indexation

State pensions paid to eligible Ukrainians will be indexed this spring, reflecting the annual price inflation in the country, President Volodymyr Zelenskyy announced on Feb. 4.

4 February 2025, 10:25 PM

Trump’s tariffs fuel gold rush

Gold prices hit their highest level since March last year as investors flocked to the metal on concerns over U.S. tariffs and in anticipation of the inflation report, Reuters reported on Jan. 31.

31 January 2025, 02:29 PM

National bank cuts 2025 growth forecast amid rising inflation

The National Bank has downgraded its economic growth forecast for 2025 to 3.6% from the previously expected 4.3%, according to its updated macroeconomic forecast released on Jan. 23.

23 January 2025, 05:35 PM

Prices of essential groceries skyrocket in Ukraine

Food prices have risen significantly for Ukrainians in 2024, with some vegetables more than doubling in price over the past 12 months, parliamentary Finance Committee Chair Danylo Hetmantsev reported on Telegram on Jan. 16.

17 January 2025, 12:36 PM

Ukraine's central bank projects key policy rate to range between 11% and 14% by end of 2025

The National Bank of Ukraine (NBU) has projected that the key policy rate could range between 11% and 14% by the end of 2025, depending on inflationary pressures and economic uncertainties, the regulator’s press release dated Dec. 23 reads.

23 December 2024, 08:34 PM

Russia’s food prices skyrocket amid runaway inflation

Despite efforts by the Russian Central Bank and the authorities to regulate prices, inflation in the country continues to accelerate, with food prices up 10.9% on an annual basis, the highest since November 2022, The Moscow Times reported on Dec. 18, citing the Federal Statistics Service Rosstat.

19 December 2024, 12:38 PM

Moscow residents turn to petty crime amid grocery price hikes – video

Moscow residents are resorting to armed robbery to obtain butter amid a sharp rise in prices, making the product unaffordable for many Russians, according to a post on the Telegram channel ChTD on Oct. 29.

29 October 2024, 06:15 PM

Russia’s Rosstat fails to publish detailed inflation figures for September

Russia’s statistics agency, Rosstat, has not published its itemized inflation data for September, reported The Moscow Times on Oct. 28.

29 October 2024, 10:21 AM

Swedish experts: Russia’s economic recovery claims don't add up

Claims by Russian authorities that the country's economy is thriving despite Western sanctions, SWIFT banking bans, and restrictions on goods and technology may be far from the truth. This is according to a report from experts at the Stockholm Institute of Transition Economics at the Stockholm School of Economics (NIER).

17 October 2024, 05:31 PM

IMF forecasts Ukraine’s economy to grow 3% in 2024 with inflation rising to 9%

The Ukrainian economy is expected to grow by 3% in 2024, with inflation accelerating to 9%, according to the IMF's forecast, revised from earlier estimates of 2.5%-3.5% GDP growth and 8% inflation, the NBU reported on Sept. 11.

11 September 2024, 10:55 AM

Rising prices will continue: National Bank of Ukraine lists causes of inflation acceleration

Consumer inflation in Ukraine rose to 5.4% year-over-year in July 2024, up from 4.8% in June.

7 September 2024, 07:26 PM

Russian inflation soars past 70% since Ukraine invasion, surpassing official figures

Since Russia's invasion of Ukraine in February 2022, inflation in Russia, based on a real consumer basket, has surged 71.4%, according to an Aug. 20 report by The Moscow Times, citing data from Romir research holding.

21 August 2024, 10:55 AM

Russian central bank raises rates to curb wartime inflation

Record military spending on the war against Ukraine is “overheating” the Russian economy, leading to labor shortages, macroeconomic imbalances, and rising inflation, Newsweek reported on July 27.

28 July 2024, 07:55 PM

How Ukraine sets its monetary policy in wartime — opinion

Few economic policy decisions do not involve an agonizing choice. Indeed, economics is built on appreciating trade-offs, binding constraints, costs, and benefits.

5 June 2024, 11:22 PM

Several factors could push Ukraine's inflation rate to new heights - Ukrainian National Bank chair tells NV

The inflation rate is now set at 3.2% which is below the Ukrainian National Bank's (NBU) target of 5%, plus or minus 1%, NBU Chair Andriy Pyshnyi told Radio NV.

28 May 2024, 12:05 PM

Annualized inflation in Ukraine falls to 3.2%

Consumer price growth in Ukraine accelerated to 0.5% in March 2024, compared to 0.3% in February and 0.4% in January, according to the April 9 State Statistics Service (Ukrstat) report. However, YoY inflation rate has slowed down to 3.2%.

9 April 2024, 08:30 PM

Ukraine’s financial landscape: Rising food prices amidst economic recovery

There’s a noticeable uptick in consumer prices in Ukraine, with food items seeing a 0.4% increase in February alone. The biggest price jumps were in vegetables, beef, oil, dairy, soft drinks, rice, bread, fish, and fruits, according to the latest State Statistics Service report.

12 March 2024, 04:51 PM

inflation

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