The National Bank has given a forecast regarding the decline in inflation.

The NBU predicts that inflation will drop to 5% by 2026

The head of the National Bank of Ukraine, Andriy Pyshny, stated that the influence of temporary factors on price growth has been exhausted, which will allow for a decrease in the level of inflation. It is forecasted that inflation will slow to 8.4% in 2025, and will reach the target of 5% in 2026.

'In the first months of 2025, inflation is likely to continue to rise due to further influence from both temporary factors, including the negative impact of last year's harvests, and fundamental factors such as pressure from businesses' production costs. We expect inflation to peak in the second quarter and begin to decline from the middle of the year,' he stated.

According to Andriy Pyshny's forecasts, by the end of 2025, inflation will decrease to 8.4%, and in 2026 it will reach the target of 5%. To achieve this, the National Bank plans to take measures in the field of interest and exchange rate policy, and it is also expected that the situation in the energy sector will improve, the fiscal deficit will decrease, and external price pressure will remain moderate.