During the next year, inflation is expected to accelerate in Ukraine, as evidenced by the forecasts of financial analysts, bankers, business managers and citizens. About this informs National Bank of Ukraine.
According to the data of the regulator, in September, financial analysts forecast price growth at the level of 7.4%, which exceeds the previous forecast for July (7.2%). In August, the population expected inflation at the level of 7.1%.
In July, bankers predicted an inflation rate of 8.7%, while business leaders expected prices to rise to 9.0% as early as May.
Consumer prices in Ukraine increased by 0.6% in August 2024, and annual inflation accelerated to 7.5%. Higher indicators of annual inflation were observed only in August 2023, when this indicator reached 8.6%.
In July, the National Bank of Ukraine worsened its inflation forecast for 2024 — from 8.2% to 8.5%. Inflation is expected to continue to rise over the next three quarters, but remain moderate.
Inflationary pressure, according to the forecasts of the NBU, will be maintained due to the growth of business expenses for wages and electricity, gradual increase of excise taxes and the consequences of devaluation of the hryvnia. At the same time, in December 2023, the Ministry of Economy improved its inflation forecast for 2024 from 9.7% to 7.9%.
