The National Bank reported that the actual inflation trajectory turned out to be lower than the forecast, primarily due to a more significant decrease in vegetable prices.
This is stated in the NBU report, the Ukrainian News agency reports.
In July 2025, inflation continued to slow down - to 14.1% in annual terms.
In monthly terms, prices decreased by 0.2%.
The actual inflation trajectory turned out to be lower than the forecast, published in the July Inflation Report, primarily due to a more significant decrease in vegetable prices.
At the same time, the slowdown in core inflation almost corresponded to the forecast and was explained by a decrease in the growth rates of prices in all its main components: processed products, services and non-food goods.
The growth rate of raw food prices began to slow down to 28.0%.
The growth rate of vegetable prices slowed down in annual terms due to the arrival of new crop supplies.
The growth rate of flour and cereals prices also slowed down faster than expected.
At the same time, all types of meat became more expensive due to rising costs and a decrease in the livestock population.
The growth rate of fruit prices increased due to the limited supply of apples, stone fruits and berries after spring frosts.
The growth rate of eggs also accelerated.
The growth rate of administratively regulated prices accelerated slightly to 11.0%.
This dynamics was in line with the forecast and was explained by the further growth in prices of tobacco products.
The growth rate of fuel prices continued to grow to 6.7%.
The increase in fuel prices continued to accelerate beyond the forecast, which was primarily due to carryover effects associated with the weakening of the hryvnia against the euro in previous periods.
As the Ukrainian News agency earlier reported, the NBU forecast predicts a further decline in inflation both by the end of this year and in subsequent periods.
Inflation will be reduced, in particular, by monetary policy measures, a gradual increase in yields, and moderate external price pressure.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.