The National Bank predicted how prices for products will change in the coming years.
The National Bank of Ukraine has made a forecast regarding prices for products. This was reported by the deputy head of the NBU, Serhiy Nikolaychuk. According to him, the increase in food prices is caused by a low level of yield, a deterioration in the quality of vegetables and fruits, as well as the rapid depletion of stocks from last year.
'Inflation is likely to be slightly higher than predicted - over 10%, and next year we expect it to slow down to approximately 7% and achieve the target of 5% by 2026,' Nikolaychuk noted.
He attributed the reasons for the price increase to a smaller harvest and, as a result, a rise in food prices, problems in the energy sector, as well as wage increases.
According to Nikolaychuk, the scenario of the Ukrainian economy growing by 4% in 2024 and by 4.3% in the following year remains relevant, considering the results of the elections in the USA.
We remind you about the changes that the Pension Fund of Ukraine is preparing for 2025.
Read also
- Zelensky announced mass production of the ballistic 'Sapsan'
- ISW evaluates how the conflict in the Middle East will influence the war in Ukraine
- Drivers are not sacred cows: Popenko proposed a Chinese approach instead of fines
- Veteran or combat participant: who receives more benefits and what is the difference between statuses
- Ukrainians were told how to obtain insurance experience by caring for relatives with disabilities
- The Economist named Putin's next target
