By KYIV. Oct 26 (Interfax-Ukraine) – Inflation in Ukraine will reach a local peak of 10.3% in July-September 2024, gradually increasing from 5.8% in October-December this year, to 6.3% in January-March 2024, as well as 7.7% in April-June 2024.
The National Bank of Ukraine published the corresponding forecast on Thursday.
According to the central bank’s expectations, inflation in October-December 2024, after a peak in the third quarter, will begin to gradually decline to 9.8%, and will continue this trend in 2025.
The regulator expects that in January-March 2025 inflation will drop to 8.4%, in April-June – to 6.5%, as well as in July-September – to 6.6% and October-December – to 6%.
As reported, the NBU on Thursday for the third time this year significantly improved its macro forecast for the current year 2023: it now expects economic growth by 4.9% with inflation falling to 5.8%. The following year, it improved the estimate of GDP growth slightly – from 3.5% to 3.6%, while with regard to inflation, the NBU now expects a reversal of the trend and its increase to 9.5% instead of the previous forecast of 8.5%.
