The National Bank has worsened the inflation forecast from 8.5% to 9.7% at the end of 2024.
This is stated in the message of the NBU, the Ukrainian News agency reports.
Price pressures will persist in the coming months, but inflation will begin to moderate in the spring of 2025.
In the following months, price pressure will persist due to the further influence of factors from the supply side of food products, the expansion of budget expenditures, high rates of wage growth, and an increase in the energy deficit during the heating season.
As a result, inflation will reach 9.7% by the end of 2024.
At the same time, in the spring of 2025, inflation will begin to decrease.
The balanced monetary policy of the National Bank of Ukraine, the weakening of external price pressure, the improvement of the situation in the energy sector and the increase of harvests will contribute to the slowdown of price growth next year.
The forecast of the NBU foresees a decrease in inflation to 6.9% at the end of 2025 and its bringing to the target of 5% in 2026.
As the Ukrainian News agency earlier reported, in July of this year, the National Bank worsened the inflation forecast from 8.2% to 8.5% in 2024.
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