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NBU predicts sharp price increase due to accelerating inflation

Analysts at the regulatory bank have revised and worsened their forecast for the consumer price index (CPI) for the period from 2024 to 2025.

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Photo – telegraf.com.ua

As reported by NBN with reference to the official page of the National Bank of Ukraine (NBU), the key factors that provoked the growth of prices for food products are lower agricultural yields, higher prices for raw materials, and increased production costs. and devaluation of the hryvnia.

In the coming months, price pressure will not only persist due to the influence of the above-described factors, but will also increase due to additional state budget expenditures, intensive growth of wages and increasing electricity deficit in the autumn-winter-autumn period. In particular, inflation rates will reach 9.7 percent by the end of this year (instead of the expected 8.5 percent), and in 2025 will settle at 6.9 percent (instead of 6.6 percent).

In addition, the bank-regulator updated the forecast for the “base” consumer price index: this year the figures will increase from 7.1 percent to 9.1 percent, and from next year – from 4.5 percent to 5.7 percent.

Earlier we wrote about the fact that the NBU explained why the size of real wages in Ukraine stopped growing.

nbnews.com.ua

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