NBU expects inflation to decline in summer

The National Bank expects inflation to decline in summer.

The NBU has said this in a statement, the Ukrainian News agency reports.

"In the summer, inflation will begin to decline across a wide range of goods and services and will gradually move towards the 5% target. This will be facilitated by the arrival of new crops, a better situation in the energy sector than last year, a decrease in world oil prices and a weakening of external price pressure, as well as the further impact of the NBU's monetary policy measures," the report says.

Last year's high base for comparing administratively regulated prices will also have a significant statistical effect, in particular due to a one-time increase in electricity tariffs in June 2024.

At the same time, the trajectory of inflation slowdown in the coming months will largely depend on the impact of spring frosts and summer weather conditions on the supply and prices of agricultural products.

It is expected that external financing will arrive in sufficient volumes, which will allow maintaining macro-financial stability.

Since the beginning of the year, Ukraine has received USD 18 billion in official financing.

Rhythmic receipts of external assistance make it possible to finance critical budget expenditures, as well as maintain an appropriate level of international reserves and, accordingly, a stable situation in the foreign exchange market.

The NBU expects that a significant level of international support will continue to be maintained.

As the Ukrainian News agency earlier reported, Dragon Capital Company predicts a decrease in inflation in the summer of this year.

In April 2025, consumer prices increased by 0.7%.

Compared to April 2024, in April 2025, consumer prices increased by 15.1%.

In January-April 2025, inflation was 4.3%.