Fitch: Inflation in Ukraine to remain high next year

The growth of consumer prices in Ukraine in 2022 will accelerate to 30%, and next year inflation will remain high due to the devaluation of the hryvnia, Fitch Ratings said, Report informs via RBC-Ukraine.

Analysts say inflation accelerated due to weak monetary policy impact, further supply chain disruptions, cash financing of budget deficits and continued high global commodity prices.

Inflation is projected to remain high in 2023, averaging 20%, due in part to the depreciation of the hryvnia, the Fitch Ratings said.