NBU expects inflation to slow down in 2025

The National Bank expects inflation to slow down in 2025.

This is indicated in the NBU statement, the Ukrainian News agency reports.

"Inflation is expected to slow in 2025 and move toward the 5% target further on. In the coming months, inflation is likely to continue to rise in annual terms due to the further impact of food supply factors, large budget expenditures, significant pace of wage growth, and wider energy shortages during the heating season," the report says.

However, inflation should decelerate as the situation in the energy sector improves and harvests increase.

This will also be facilitated by the NBU's monetary policy measures and the expected easing of external price pressures.

As the Ukrainian News agency earlier reported, in November 2024, consumer prices increased by 1.9%.

Compared to November 2023, in November 2024, consumer prices increased by 11.2%.

In January-November 2024, inflation was 10.4%.