Electricity shortage will exacerbate inflationary pressures in the country next year. This was stated at a briefing by the head of the National Bank of Ukraine Andriy Pyshny.

According to the National Bank, several scenarios are possible.

According to the first scenario, the prompt restoration of the energy infrastructure and the fairly successful protection of the airspace and energy infrastructure facilities are assumed, Pyshny noted..

“According to our calculations, under this scenario, the shortage of electricity should not exceed 25%. It is this scenario that we consider as the baseline for forecasting and evaluating possible options and an action plan,” said the head of the National Bank.

“According to our estimates, the shortage of electricity will exacerbate inflationary pressure by 1-2 percentage points.. in 2023,” Lush said..

At the same time, he noted that the second scenario involves a deeper defeat of critical infrastructure and a slower recovery.. Actually, this is what was observed as the consequences of the attack on November 23.

And the third scenario - large-scale interruptions in the power system. This option is considered by the National Bank as the least probable..

Recall that in 2022 inflation will accelerate to 30%, and the economy will shrink by almost 32% due to the devastating consequences of Russian aggression.. This was reported by the NBU in its quarterly inflation report for October 2022..