Along with the percentage of falling GDP, inflation is rising.
Real GDP has shrunk > In the I quarter of 2022 compared to the previous quarter by 19.3%. And in comparison with the same period in 2021 – by 15.1%. This was reported by the State Statistics Service of Ukraine.
In addition, inflation in the consumer market in May 2022 compared to April 2022 was 2.7%. And since the beginning of the year – 13.9%.
Core inflation in May 2022 compared to April 2022 was 1.4%, from the beginning of the year – 9.6%.
Read also: Rapid recovery of Ukraine's economy is possible: the NBU called the conditions
It is worth noting that previous domestic and international estimates of the depth of the decline in key economic indicators were much more pessimistic.
See the special topic: Russian military destroys one of the symbols of Severodonetsk – Gaidai Fierce fighting is going on in Severodonetsk, and the occupiers are firing on Lysychansk from a large caliber piercing concrete. Ukraine will receive a loan of almost $ 1.5 billion from the World Bank for salaries to state employees The Minister of Finance has signed an agreement with the regional director of the World Bank. Council of Europe condemns death sentence for foreigners in occupied Donetsk The death penalty is inhumane and degrading treatment. According to Western intelligence estimates, 20,000 Russian servicemen may have died during the war in Ukraine Russia's Defense Ministry has not updated information on casualties since late March, according to the General Staff of Ukraine, the number of dead Russian servicemen exceeded 30,000. Rising prices should not be a reason for refusing to help Ukraine – Johnson This would encourage Putin, according to the British Prime Minister.
