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First, the price of food products will increase. NBU predicts inflation by the end of the year by more than 30%
The National Bank of Ukraine predicts inflation by the end of the year by more than 30%. This means that everything we are used to buying in stores will go up by a third on average.
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NBU fixed the official exchange rate of hryvnia against the U.S. dollar at a new level
The National Bank of Ukraine has adjusted the official exchange rate of the hryvnia against the US dollar by 25% to 36.5686 UAH/USD from 9:00 a.m. on July 21, 2022. The National Bank of Ukraine adjusted the official UAH/USD exchange rate 25% to UAH 36.5686/USD to reflect changes in the fundamental characteristics of the Ukrainian economy during the war and the strengthening of the USD against other currencies. Such a step will increase the competitiveness of Ukrainian manufacturers, reconcile exchange rate conditions for different groups of businesses and households, and maintain the stability of the economy during the war.
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The latest NBU data on inflation in June
Prices increased by +21.5% compared to June last year and by +3.1% compared to May.
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NBU simplified currency restrictions for imported goods
The National Bank of Ukraine has abolished restrictions on the purchase of currency for importers after the Cabinet effectively abolished the concept of critical imports. This is reported by the NBU.
