By the end of March, Ukraine's inflation rate reached 7.9% year-on-year. Current projections indicate that price growth will further accelerate to 9.4% by the end of 2026. This was reported by Dengi.ua, referencing the April Inflation Report from the National Bank of Ukraine (NBU).
According to NBU estimates, the upward price trend observed in March persisted through April. While inflation is expected to remain relatively stable in the coming months, it is projected to accelerate in the second half of the year, hitting 9.4% by December. This rise is attributed to increased pressure on business production costs, specifically the direct and secondary effects of higher energy prices and the previous depreciation of the hryvnia due to market factors.
The NBU anticipates that inflation will return to a steady downward trajectory in early 2027, dropping to 6.5% by the end of that year and reaching the NBU's medium-term target of 5% in 2028.
This deceleration across a wide range of goods and services will be driven by several factors:
- The fading impact of high fuel prices.
- Easing of external price pressures.
- A gradual increase in agricultural yields.
- The normalization of the energy sector.
- Consistent monetary policy measures implemented by the NBU.
