Zelensky told what will happen next with prices

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Zelensky made a forecast for prices for the coming months
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15:20, 09.07.2022

The National Bank is trying to suppress inflation.



According to Oleg Ustenko, presidential adviser on economic issues, if price growth does not slow down to 15% in the near future, the National Bank's discount rate may be raised again. The presidential adviser spoke about this in an interview with RBC-Ukraine .

The National Bank is trying to suppress inflation. How much can they push her down? I believe that they should bring inflation to a level of about 15%, and then this will be a complete victory in this direction,” Ustenko said.

At the same time, according to him, raising the discount rate is unlikely to further reduce inflation.

Now it’s better to try to be in this regime of a high discount rate of 25% for at least a month and a half, Zelensky’s adviser says.

Ustenko believes that "if inflation does not reach the level of 15%, then we should again move on to retaliatory measures and increase the rate again, but not so dramatically, from 25 it can be raised to 30%."

It should be noted that headline inflation in June 2022 accelerated in annual terms to 21.5%. In June, prices rose by an average of 3.1%.

On average, food prices in June rose by 3.2% compared to the previous month. This is more than in May, when food prices went up by 2.6%.

Most of all rose in price in June:

  • eggs - by 17.2%.
  • sugar, rice, cereal products, pork, vegetables, poultry meat - from 4.2 to 10.9%.
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Elena Rasenko

Elena Rasenko writes about science, healthy living and psychology news, and shares her work-life balance tips and tricks.