Photo from UNIAN
Inflation in Ukraine rose 43.3% in 2015 (December 2015 to December 2014) as compared with 24.9% recorded in 2014, hitting the highest level over the past 20 years, the State Statistics Service reported on its website.
In December 2015, inflation slowed down to 0.7% against November 2015, from 2% recorded a month earlier.
As UNIAN reported ealier, Ukraine’s main creditor, the IMF, forecast a 2% growth in 2016. The IMF forecast for inflation coincided with that of the Ukrainian government: 45.8% in 2015 and 12% in 2016. The World Bank was a bit more pessimistic in its forecasts. The Bank believes that Ukraine’s economy will decline by 12% in 2015, with a 2016 increase not exceeding 1%.