The impact of winter electricity shortages is likely to be more limited as the business sector has invested in its own generation capacity and the potential for energy imports from the EU has increased.
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Photo – napensii.ua
As reported by NBN with reference to the official website of the International Monetary Fund (IMF), Western experts have revised their forecast regarding the financial and economic consequences of the war between the Russian Federation and Ukraine.
In particular, the forecast regarding inflation rates in Ukraine by the end of 2024 provides for an increase in this indicator by 1 percentage point (up to 10 percent), mainly due to the ongoing price pressure on raw materials, which has provoked an increase in the cost of basic goods, primarily food products, as well as the postponement of wage increases and electricity tariffs.
In addition, the average inflation rate has been adjusted upward by 1.3 percentage points (up to 10.3 percent), however, it is assumed that the above-described type of pressure will soon weaken, which will lead to a slowdown in consumer price growth by the end of 2025 to 7 percent.
However, the inflation index will approach the target level of the regulatory bank (NBU) of 5 percent only by 2027.
Earlier, we wrote about the fact that the NBU answered whether interest on deposits would compensate for the increased rate of inflation.