Rising Prices in Ukraine: The National Bank said what to expect from GDP and inflation.
The National Bank of Ukraine has published updated forecasts regarding inflation, indicating a deterioration in the situation in the country. According to the NBU, inflation is expected to rise from 8.4% to 8.7% by the end of 2025. This summer, a slowdown in the rise of prices for goods and services is anticipated.
However, the National Bank believes that an increase in crop yield will contribute to a decrease in food prices, especially from the third quarter of 2025. After that, stabilization of inflation at a low level is expected.
In addition to the impact of the harvest, several other factors will contribute to a gradual decline in inflationary pressure. These include the monetary policy of the NBU, improvements in electricity supply, and moderate pressure in the labor market. Additionally, a decrease in global oil prices is expected due to trade conflicts.
According to the NBU forecast, inflation will be 8.7% by the end of 2025, and in 2026 it is expected to reach the target level of 5%.
It is worth noting that such an increase in the level of inflation will have a significant impact on the hryvnia savings of Ukrainians, as well as on exchange rates.
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