Inflation will remain near current levels over the coming months, "will accelerate at the end of the year, but will return to a slowdown in 2027," the NBU reported on Thursday, UNN writes.
An adequate supply of raw food products will limit inflation growth in the coming months. At the same time, price pressure will persist due to increased business costs resulting from higher energy prices and the weakening of the hryvnia in previous periods, as well as further wage growth amid a labor shortage. Stabilization of energy prices, increased harvests, and the impact of the NBU's monetary policy should contribute to inflation returning to a trajectory of steady slowdown in 2027
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In May, the National Bank noted, consumer inflation slowed as expected (to 8.2% y/y) thanks to an increase in the supply of raw food products, while core inflation accelerated slightly (to 7.9% y/y). Both indicators were higher than the NBU's forecast trajectory, as the regulator pointed out, "primarily due to stronger secondary effects from the rapid rise in energy prices in previous months." Inflation expectations were generally stable, although they remained elevated among certain groups of respondents, as reported.
NBU maintains key policy rate at 15% again and is ready to raise it18.06.26, 14:07