NBU published inflation forecast until 2027: what will happen to prices.

Forecast of the National Bank of Ukraine for the coming years

The National Bank of Ukraine has published its forecast in the October Inflation Report. According to the report, inflation is expected to gradually decrease, although price pressures will remain due to business costs.

According to inkorr.com: It is expected that inflation will reach:

• 9.2% in 2025;
• 6.6% in 2026;
• 5% in 2027.

Labor Market and Economic Recovery

The National Bank also predicts stable demand for labor, which will contribute to a decrease in unemployment and an increase in wages. At the same time, the process of economic recovery will continue, although under conditions of restrictions caused by the war.

According to forecasts, real GDP is expected to grow:

• by 1.9% in 2025;
• by 2% in 2026;
• to 2.8% in 2027.

It is worth noting that international assistance will have a significant impact on financing Ukraine's budget deficit in the future.

Thus, the forecasts of the National Bank signal a gradual strengthening of the economic situation in Ukraine. Although inflation remains a pressing challenge, a stable labor market and gradual GDP growth instill some optimism regarding recovery after difficult times. International support plays a key role in this process, making further steps towards stability and development important for Ukraine.