The National Bank forecasted when salaries in Ukraine will exceed the pre-war level.

Ukraine forecasts exceeding the salary level in 2025

According to the Inflation Report of the National Bank of Ukraine for July 2024, it is expected that during 2025, real wages in Ukraine will exceed the pre-war level.

The National Bank expects that salaries in the private sector and consumer demand will continue to grow due to increased competition for qualified workers and a soft fiscal policy.

The National Bank also noted that in the first quarter of 2024, average real wages increased by 17.7% compared to the previous year, and this trend continues. Even the deterioration of business expectations regarding changes in personnel policy and labor costs does not stop this growth.

The NBU report also indicates that improved employment situations, increased wages, and other social benefits have contributed to the increase in real income of the population and sustainable consumption growth.

It was previously reported that salaries for Ukrainian Armed Forces fighters could become a problem in Ukraine.