Tuesday, December 29, 2015

Ukraine Price Inflation Rate at 44%

Ukraine’s Central Bank reports that price inflation in the country is cruising along at 44 percent. And that's just the official government rate!

Central Bank head Natalya Gontareva, who know doubt is responsible for the price inflation by keeping the central banks money printing presses in overdrive, is quite the optimist:
Our end target is 5 percent inflation. We want 12 percent in 2016, 8 percent in 2017, 6 percent in 2018 and 5 percent at the end of 2019.

Inflation in 2013 was only 0.5 percent and skyrocketed to 24.9 percent in 2014, according to RT.

Inflation in the country has been growing ever since the events of Maidan at the end of 2013, which resulted in the US-inspired overthrow of Viktor Yanukovich's government.


1 comment:

  1. When this comes to the U.S., I'll be curious if Bitcoin haters will continue to lambaste Bitcoin for its imperfections, spotlight its disfavor with government, and insist on taking their 44% annual losses by continuing to use only dollars. If so, I'll give them points for consistency.