NBU updated inflation forecast: what will happen to prices until 2027

The National Bank of Ukraine has published a forecast for several years ahead in the October Inflation Report. According to it, inflation will gradually decrease, but pressure on prices will be felt due to business costs. It is projected that inflation will be 9.2% in 2025, 6.6% in 2026, and 5% in 2027.At the same time, the National Bank expects stable demand for labor, which will support the decrease in unemployment and the growth of salaries. Economic recovery is also projected, but it will be limited by the consequences of the war. According to forecasts, real GDP will grow by 1.9% in 2025, by 2% in 2026, and up to 2.8% in 2027. International aid also plays a significant role in financing Ukraine's budget deficit in the future.