So even in places where school closures may have been limited, there may continue to be  1/2  BIS - Central bankers' speeches  lasting effects on attendance and student performance. Where schools were permitted to remain open, we know that teacher and support staff shortages were, and continue to be, a significant challenge for many school districts.
At the same time, the inflation trend will be reversed gradually as new harvest supplies come to the market, the effect of a low comparison base wanes for some products, and the NBU raises its key policy rate. Inflation will thus decelerate at the end of the year and will settle within the 5% ± 1 pp target range in H1 2022.