The NBU named the reasons for the increase in inflation.

Inflation in Ukraine may reach 9.7% by the end of 2024 - Pyshny

The Head of the National Bank of Ukraine, Andrii Pyshny, stated that inflation in the country is rising faster than predicted, and by the end of 2024, it may reach 9.7%. In September, the inflation reached 8.6% year-on-year and continues to grow. According to Pyshny, this was made possible due to the rising cost of foodstuffs and increased production costs. The National Bank forecasts that price pressure will persist, but in the spring of 2025, inflation will begin to slow down. The NBU's monetary policy will help reduce inflation to 6.9% in 2025 and to the target of 5% in 2026.