Ukraine is no longer listed in the TOP 20 countries with the highest inflation rate.
According to the National Bank of Ukraine (NBU), the Ukraine’s inflation rate in June 2019 was 9% in annual terms, slowing down from 9.6% in annual terms a month earlier.
“Our country occupies a 22-24 position having a 9% year-on-year (YOY) indicator. At the same time, Ukraine remains the country with the highest inflation among the European countries,” the message says.
According to the NBU experts, the prices decline by 0.5% in Ukraine in June (compared to the previous month) occurred for the first time in 11 months and was caused by the vegetables and eggs seasonal depreciation.
The slowdown in the general consumer price growth in Ukraine was influenced by the government’s decision to change the gas pricing mechanism for the population.
According to the regulator, the highest inflation rate in the world was in Venezuela with 282972.8%. Zimbabwe takes the second place with a 97.9% rate. In Argentina, South Sudan, North Korea and Iran, inflation in June was more than 50%.
As The Journalist reported, World Bank predicts inflation in Ukraine to slow to 7%.
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