This will be supported by continued tight financial conditions, declining global inflation and weak consumer demand amid power outages.
The National Bank predicts a slowdown in inflation to 18.7% by the end of 2023. This was announced by the head of the NBU Andriy Pyshny in a monetary policy briefing on Thursday, January 26.
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The National Bank is forecasting a slowdown in inflation to 18.7% in 2023. This will be helped by continued tight financial conditions, lower global inflation and weaker consumer demand amid power outages,” Pyshny said.
For 2024, the National Bank predicts a further weakening of inflation to 10.4% (in the previous forecast, inflation was below 10%), and for 2025 – 6.7%.
“The main contribution to inflation in these years will have an administrative component due to the need to bring tariffs for housing and communal services to market levels,” explained the National Bank.
Recall that by the end of 2022, inflation in Ukraine reached 26.6%, although at least 30% was predicted. At the same time, consumer prices rose 0.7% in December compared to November.
The National Bank also named the main deterrent to inflation last year.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.