Inflation is a long-term increase in the general price level, which affects the decline in the purchasing power of the currency. That is, by raising prices by the same amount, you can buy different quantities of goods.
In 2018, the figure was 8.9%. It is clear that it decreased in 2019 ? and increased again in 2020 ?
This year's events, in particular the pandemic, had a significant impact on the Ukrainian economy. Experts of the National Bank predict that in 2021 the inflation rate will increase by 5% +/- 1, and in 2022 will decrease to 5%. The reasons for this are the need to accelerate economic recovery, to attract investment imports.
The increase in the minimum wage from 4,723 to 5,000 hryvnias affected not only unemployment benefits but also the general price level. Next year, real wages will increase by 9.5% and nominal wages by 16%.
In the second quarter of 2020, the unemployment rate increased to 10%. This is the highest level in the last 19 years. The situation on the labor market will improve in 2021.
In the last months of 2020 and during the next year, the NBU plans to keep the discount rate at a neutral level and continue cooperation with the IMF.
We are confident that the effects of the pandemic and other hardships will not be so fatal any time soon. Once again, people have rethought important values: life, health and safety of themselves and their families, responsibility for actions and deeds, support, mutual assistance. The level of civic consciousness and the ability to adapt to new conditions have also increased significantly.
EN 
DE
UA
FR