Ukraine Inflation Accelerates to 11% as War and Energy Costs Bite

Ukraine's annual inflation rose to 11.0% in October from 10.0% in September, with core inflation climbing to 9.7% and fuel costs up 53.9% year-on-year. The acceleration reflects the impact of Russian strikes on infrastructure and elevated global energy prices, though the central bank's policy response remains uncertain. This signals persistent price pressures in a war-affected economy, with implications for monetary policy and external financing needs.

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