NBU recorded acceleration of inflation in February.

NBU reported an increase in inflation in February 2025

According to the National Bank, inflation in February 2025 rose to 13.4% year-on-year, which is almost in line with the forecast published in the January Inflation Report.

'At the same time, core inflation increased to 12.0% year-on-year, which is slightly higher than expected due to rising business costs, particularly for salaries' - reported NBU.

The National Bank anticipates that inflation will continue to rise in the coming months due to the deterioration of last year's harvests and increased costs for energy supply and salaries.

However, thanks to NBU's measures to strengthen monetary policy and eliminate the influence of temporary factors, inflation is expected to return to a slowdown in the second half of the year, decrease to a stable level by the end of the year, and continue to increase towards a target of 5% within the policy framework.