KYIV, Jan 5 – Inflation in Ukraine in December may reach 28% year-on-year due to rising costs associated with electricity supply problems, according to the Main Results of 2022 report of the Institute for Economic Research and Policy Consulting.

"Inflation was 26.5% in November and may reach 28% in December due to an increase in business expenses for generators and fuel for them. In 2022, prices for fruits and vegetables grew the most due to the occupation of part of the south of Ukraine and fuel because of the cessation of gasoline production as a result of Russian shelling," the document says.