Ukraine's 2015 inflation rate second worst in the world

20:50, 02 November 2015
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The central bank is trying to balance a shrinking economy and inflation which Bloomberg reports is the second fastest in the world, behind Venezuela, according to Ukraine Today.

"Ukraine's annual inflation is expected to jump to 46%, of which 19% result from gas and electricity tariff increase, while the rest is the effect of the devaluation," Gontareva said, according to Ukraine Today.

However, the NBU governor assured that the signs of economic recovery were emerging. Gross domestic product rose in 3Q 2015 and is projected to expand 2.4% in 2016, she said.

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