KYIV, Jan 21 – Ukraine’s inflation will probably grow faster-than-expected this year and will hit 7% in 2021, up from previously expected 6.5%, but will decline to about 5% in 2022, the National Bank of Ukraine reported Thursday.

"Inflation will accelerate in H1 2021, but will return to the 5% target range in H1 2022. The NBU has revised upwards its forecast for inflation in 2021 from 6.5% to 7%... In 2022–2023, inflation will hover around the medium-term target of 5%," the NBU said.